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Measuring our value [Recurs electrònic] / results of an independent economic impact study commissioned by the British Library to measure the Library’s direct and indirect value to the UK economy

By: Contributor(s): Publication details: London : British Library, 2004Description: 27 p. : digital, fitxer PDF (245,51 Kb)Online resources:
Summary: Assessing the British Library’s contribution to the national economy is a complex matter, requiring consideration of a number of different dimensions. First, the value added by the Library takes many forms – economic, cultural, social and intellectual. Second, the British Library adds value both to those who use our products and services directly, and to the wider UK population who benefit indirectly from the Library’s existence and the services it provides. Traditionally, attempts to assess these benefits have taken the form of qualitative case studies – telling good stories perhaps, but failing to provide a comprehensive evaluation. But now a technique supported by the Nobel Prize winning economists Kenneth Arrow and Robert Solow, permits a coherent quantitative evaluation of the total benefit to the nation of publicly funded institutions and programmes.(1) Building on this analytical achievement, the UK Government and international organisations such as the World Bank and the OECD have used the technique, known as contingent Valuation, to inform and guide policy. Recognising the value of this technique, the British Library commissioned a ground-breaking research study to estimate the economic impact of the Library on the UK economy. The study has been conducted jointly by two independent research organisations, Spectrum Strategy Consultants and Indepen. The results and the methodology are summarised in this document. (Font: Document)
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Executive summary -- Purpose of the study -- How we add value – Methodology -- Results of the study -- How we add value -- Increasing our value to creative industries -- Increasing our value to small and medium-size enterprises (smes) -- Increasing our value to research in science, technology and medicine (stm) -- Increasing our value to higher education -- Increasing our value to education -- Increasing our value through public libraries -- Increasing our value through social inclusion -- Increasing our value through modernisation

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