@article{ART003351316},
author={Hyeyoung Kim and Soonhee Pyo},
title={A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea},
journal={Journal of Korean Library and Information Science Society},
issn={2466-2542},
year={2026},
volume={57},
number={2},
pages={153-182}
TY - JOUR
AU - Hyeyoung Kim
AU - Soonhee Pyo
TI - A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea
JO - Journal of Korean Library and Information Science Society
PY - 2026
VL - 57
IS - 2
PB - Korean Library And Information Science Society
SP - 153
EP - 182
SN - 2466-2542
AB - This study aims to propose directions for developing an economic valuation framework for public libraries in Korea by examining valuation methodologies and major international cases. To this end, public library valuation studies conducted in the United States, the United Kingdom, Canada, and Australia were analyzed, focusing on use value, non-use value, intellectual property (IP), and economic impact assessment. In addition, the data collection framework of the National Library Statistics System was reviewed to assess its applicability to the Korean context. The analysis revealed that public library valuation has evolved from measuring use value based primarily on circulation services to multidimensional approaches incorporating non-use values and economic impacts. International cases also employed mechanisms such as depreciation rates and deadweight adjustments to enhance the reliability of valuation results. Based on these findings, this study proposes seven value domains and a phased valuation roadmap that reflect the service environment and statistical infrastructure of Korean public libraries. The study contributes by providing a foundation for developing an economic valuation framework that can strengthen accountability and support the policy legitimacy of public libraries in Korea.
KW - Public Libraries;Economic Valuation;Contingent Valuation Method;Cost-Benefit Analysis;Library Performance Evaluation
DO -
UR -
ER -
Hyeyoung Kim and Soonhee Pyo. (2026). A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea. Journal of Korean Library and Information Science Society, 57(2), 153-182.
Hyeyoung Kim and Soonhee Pyo. 2026, "A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea", Journal of Korean Library and Information Science Society, vol.57, no.2 pp.153-182.
Hyeyoung Kim, Soonhee Pyo "A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea" Journal of Korean Library and Information Science Society 57.2 pp.153-182 (2026) : 153.
Hyeyoung Kim, Soonhee Pyo. A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea. 2026; 57(2), 153-182.
Hyeyoung Kim and Soonhee Pyo. "A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea" Journal of Korean Library and Information Science Society 57, no.2 (2026) : 153-182.
Hyeyoung Kim; Soonhee Pyo. A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea. Journal of Korean Library and Information Science Society, 57(2), 153-182.
Hyeyoung Kim; Soonhee Pyo. A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea. Journal of Korean Library and Information Science Society. 2026; 57(2) 153-182.
Hyeyoung Kim, Soonhee Pyo. A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea. 2026; 57(2), 153-182.
Hyeyoung Kim and Soonhee Pyo. "A Study on the Application of Economic Valuation Frameworks for Public Libraries in Korea" Journal of Korean Library and Information Science Society 57, no.2 (2026) : 153-182.
