The Electronic Frontier Foundation reports that Australia has found that loosening copyright restrictions has an overall affect of improving the economy:
A new study from Australia presents the latest evidence that loosening copyright restrictions not only enables free speech, but can improve an economy as well. The study, published by the Australian Digital Alliance, indicated that if Australia expanded copyright exceptions like fair use, along with strengthening safe harbor provisions, the country could potentially add an extra $600 million to their economy.
In addition, the report details how vital copyright exceptions are to the Australian economy as a whole. As ADA’s executive officer and copyright advisor Ellen Broad told EFF, “Australia’s sectors relying on copyright exceptions currently contribute 14% of our GDP, around $182 billion and they’re growing rapidly. It’s essential that Australia’s copyright policy framework adequately support innovation and growth of these sectors in the digital environment.”