18+ (adult)

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).

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.

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.

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.

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".

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.

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.

Value of the Carnegie Library of Pittsburgh

To measure the value of the Carnegie Library of Pittsburgh, the library's economic influence and its benefits for its users, which were measured with time value....To measure users' benefits, the study measured the time that 1300 users spent at ht library. The value of the time used by each individual was calculated by applying the intermediate value of male and female wages in the area. The total value of the Andrew Carnegie Free Library was $3 per $1 of library expenses, and varied according tot he possibility of changes in time value offered by the users of the library. The library created $6.14 per $1 of budget provided by the city government.

Value of Florida Public Libraries

In the study of Florida public libraries, a total of 17 public libraries were analyzed to assess the benefits to adult users who were 18 years of age or older; this study also considered the economic impact on these users....The analysis showed that approximately $6.40 of the total value per $1 of the budget was created.

South Carolina Public Library Economic Influence

The research results showed that the South Carolina State Library was evaluated to contribute to the state economy with $2.86 of value per$1 investment. The indirect economic influence that was caused by the expenses spent at the library (e.g. salaries, supply of goods, and materials) was $1.62.


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