International

Total Value of Korean Public Libraries

As a result of measuring the total value of public libraries in Korea in the CVM , the final ROI was estimated as 3.66. This result is comparable to the mean value (4.11) of mroe than 40 library valuation studies all over the world that have been performed as reported in a recent meta-anylsis study (Chung et al., 2009).
Reference: 
An Economic Valuation Study of Public Libraries in Korea

ROI of Korean Public Library varies by geographic area

The ROI of libraries in Seoul/Gyeonggi-do was 5.42; however, the ROI of libraries in the other provinces was 2.48, more than 200% lower. This results shows a difference int eh economic value of puiblic librareis depending on areas.The ROI of the other provinces was 2.48 and exceeded 1, which was the input cost for libaries.
Reference: 
An Economic Valuation Study of Public Libraries in Korea

ROI and WTP for Korean Public Libraries

For Korean Public Libraries:When the amount was caluclated based on 12 months, the WTP per capita for a year was KRW 111,56.The calculated ROI was 3.66.
Reference: 
An Economic Valuation Study of Public Libraries in Korea

Household income seemed to correlate positively with WTP

In a study  on the value of Koren Public Libraries, participants were asked how much they would be wililng to pay for library services:Household income aslo seemed to correlate positively with WTP [wilingness to pay] responses. That is, the higher the household income was, the higher the WTP bid.
Reference: 
An Economic Valuation Study of Public Libraries in Korea

User education level affects WTP for libraries

In a study examining Korean Library Users' willingness to pay for library services:"University graduates and people who had graduate school education gave higher WTP [willingness to pay] bids than people with less than high school education".
Reference: 
An Economic Valuation Study of Public Libraries in Korea

Value measurement of museums, archives, and libraries in Bolton, England

....The value measurement of museums, archives, and libraries in Bolton, England was performed by the Bolton Metropolitan Borough Council and MLA North West...The final value of public libraries in Bolton was measured based on WTP [willingness to pay] of users and non-users. The ROI ranged from 1.2 to 1.7.
Reference: 
An Economic Valuation Study of Public Libraries in Korea

Value of the British Library

The value of the British Library was calculated by applying a variety of measurement methods; the results showed the value to be $4.40 per $1 of budget for one year.
Reference: 
An Economic Valuation Study of Public Libraries in Korea

Libraries are essential to the academic enterprise

Academic staff members spent a large portion of their work time on scholarly reading. They value the outcomes this reading has on their research and teaching. The amount of time they spend on reading from the library’s collections is evidence of the importance of library-provided scholarly materials to academic work. The value academic reading has on the work of the university is apparent, and the university library, especially for article readings, is essential to the quality of the academic enterprise (p. 122). 
Reference: 
UK Scholarly Reading and the Value of Library Reources: Summary Results of the Study Conducted Spring 2011

Library collections support academics

Of the 448 hours per year spent on scholarly reading, the average academic staff member spends 187 hours reading library-provided material, confirming the value of the library’s collections (p. 120).
Reference: 
UK Scholarly Reading and the Value of Library Reources: Summary Results of the Study Conducted Spring 2011

Library materials are crucial to academic institutions

Once [the respondents] became aware of the last article they read, we asked where they obtained the article. Of the 1189 responses to the question, almost two-thirds (775, 65.2%) of the readings are obtained through a library subscription. Many respondents praised the importance of library sources, including one respondent who summed it up as, “Accessibility of scholarly journals and other library resources is crucial to the standing and effectiveness of a university and is a key discriminator between world-class universities and less prestigious institutions” (p. 40). 
Reference: 
UK Scholarly Reading and the Value of Library Reources: Summary Results of the Study Conducted Spring 2011

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