Publishing in open access offers benefits like increased visibility and accessibility, allowing anyone to read and share your work without paywalls, which can enhance citations and reach a broader audience. It supports the principle of making research freely available, promoting collaboration and innovation. On the other hand, closed access journals often have established reputations and rigorous peer-review processes, which can lend credibility to your work. Personally, I prefer open access because it democratizes knowledge, making research accessible to everyone, including those in developing countries or institutions with limited resources, ultimately fostering a more inclusive academic environment.

See also this similar discussion: https://www.researchgate.net/post/Open_or_closed_access_journals_What_is_your_take/1

This web page may also be useful: https://www.openaccess.nl/en/what-is-open-access/pros-and-cons

Other related discussions:

https://www.researchgate.net/post/What-is-a-open-access-journal-How-can-we-recognize-it-and-what-are-the-benefits-to-publish-a-journal-in-it/1

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