Estimating the Potential Impacts of Open Access to Research Findings

: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.