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Estimating the Potential Impacts of Open Access to Research Findings

Author

Listed:
  • John Houghton

    (Centre for Strategic Economic Studies; Victoria University; PO Box 14428; Melbourne; Victoria 800)

  • Peter Sheehan

    (Centre for Strategic Economic Studies; Victoria University; PO Box 14428; Melbourne; Victoria 800)

Abstract

Advances in information and communication technologies are disrupting traditional models of scholarly publishing; radically changing our capacity to reproduce; distribute; control; and publish information. The key question is whether there are new opportunities and new models for scholarly publishing that would better serve researchers and better communicate and disseminate research findings. Identifying access and efficiency limitations under the subscription publishing model; this paper explores the potential impacts of enhanced access to research outputs using a modified Solow-Swan model; which introduces ‘accessibility’ and ‘efficiency’ parameters into calculating returns to R&D. Indicative impact ranges are presented for Government; Higher Education and Australian Research Council R&D expenditures. We conclude that there may be substantial benefits to be gained from more open access to research findings.

Suggested Citation

  • John Houghton & Peter Sheehan, 2009. "Estimating the Potential Impacts of Open Access to Research Findings," Economic Analysis and Policy, Elsevier, vol. 39(1), pages 127-142, March.
    • Handle: RePEc:eee:ecanpo:v39:y:2009:i:1:p:127-142
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    Citations

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    Cited by:

    1. Koundouri, Phoebe & Chatzistamoulou, Nikos & Davila, González & Giannouli, Amerissa & Kourogenis, Nikolaos & Xepapadeas, Anastasios & Xepapadeas, Petros, 2021. "Open Access in Scientific Information: Sustainability Model and Business Plan for the Infrastructure and Organization of OpenAIRE," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 12(1), pages 170-198, April.
    2. Koundouri, Phoebe & Chatzistamoulou, Nikos & Davila, González & Giannouli, Amerissa & Kourogenis, Nikolaos & Xepapadeas, Anastasios & Xepapadeas, Petros, 2021. "Open Access in Scientific Information: Sustainability Model and Business Plan for the Infrastructure and Organization of OpenAIRE," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 12(1), pages 170-198, April.
    3. Michael J. Fell, 2019. "The Economic Impacts of Open Science: A Rapid Evidence Assessment," Publications, MDPI, vol. 7(3), pages 1-30, July.
    4. Kim Holmberg & Han Woo Park, 2018. "An altmetric investigation of the online visibility of South Korea-based scientific journals," Scientometrics, Springer;Akadémiai Kiadó, vol. 117(1), pages 603-613, October.

    More about this item

    Keywords

    Scientific Publishing; Open Access; Research and Development (R&D); Returns to R&D.;
    All these keywords.

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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