{"title":"Impact of the e-Book on Total Circulation Transactions—A Case Study for Hong Kong Academic Libraries","authors":"Steve H. Ching, M. Hsiao","doi":"10.1080/14649055.2015.1108760","DOIUrl":null,"url":null,"abstract":"This article provides a macro analysis to investigate the relationship between e-book collection growth and the decline of total circulation transactions, using data compiled from Hong Kong's eight academic libraries for the period 2007–2011. An econometrics analysis is applied to evaluate the overall impact of a critical mass of e-book collection on use of print books in a region. Based on empirical studies in Hong Kong, this study observed that although the increase in e-books indeed contributes to a drop in the total circulation transactions, it is not the biggest the contributing factor. From the comparison of elasticity measurement, the cross-elasticity of substitution of e-books for print books is –0.11. The e-books are not the perfect substitute for print books. The most important finding in this study is that the main culprit for the decline of total circulation transactions in Hong Kong academic libraries is attributed to the decline in the annual addition of print books in general; total circulation transactions are only negligibly affected by the acquisition of e-books.","PeriodicalId":43196,"journal":{"name":"LIBRARY COLLECTIONS ACQUISITIONS & TECHNICAL SERVICES","volume":"28 1","pages":"1 - 8"},"PeriodicalIF":0.0000,"publicationDate":"2015-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"LIBRARY COLLECTIONS ACQUISITIONS & TECHNICAL SERVICES","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/14649055.2015.1108760","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 3
Abstract
This article provides a macro analysis to investigate the relationship between e-book collection growth and the decline of total circulation transactions, using data compiled from Hong Kong's eight academic libraries for the period 2007–2011. An econometrics analysis is applied to evaluate the overall impact of a critical mass of e-book collection on use of print books in a region. Based on empirical studies in Hong Kong, this study observed that although the increase in e-books indeed contributes to a drop in the total circulation transactions, it is not the biggest the contributing factor. From the comparison of elasticity measurement, the cross-elasticity of substitution of e-books for print books is –0.11. The e-books are not the perfect substitute for print books. The most important finding in this study is that the main culprit for the decline of total circulation transactions in Hong Kong academic libraries is attributed to the decline in the annual addition of print books in general; total circulation transactions are only negligibly affected by the acquisition of e-books.
期刊介绍:
Library Collections, Acquisitions, and Technical Services provides a forum for the international exchange of ideas and experiences among members of the library collection management, technical services, vendor and publishing communities throughout the world. It is a comprehensive publication designed to bring together many of the specializations within the broad areas of library collection management and technical services including, but by no means limited to, acquisition of books and serials in academic, public, school and special libraries; cataloging and authority control.