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Standards and innovation: US public/private partnerships to support technology-based economic growth

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  • Troy J. Scott
  • John T. Scott

Abstract

This paper examines how strategic alliances to create and use standards affect economic growth and development. The explanation of the link from standards to economic growth and development is through the effects of standards on the incentives to perform industrial research and development (R&D). We examine product standards, metrology traceable to national and international standards, and regulatory standards to address negative externalities. The paper develops a theoretical explanation for the link from standards to growth, survey/interview-guides to gather information from industrial R&D experts about the explanation, and case-study evidence about the explanation. We discuss the standard-setting process and explain that it entails strategic alliances among firms and with government involvement. Case studies of R&D projects in firms and in a national laboratory support the belief that standards implemented via strategic alliances leverage economic growth and development.

Suggested Citation

  • Troy J. Scott & John T. Scott, 2015. "Standards and innovation: US public/private partnerships to support technology-based economic growth," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 24(5), pages 457-489, July.
    • Handle: RePEc:taf:ecinnt:v:24:y:2015:i:5:p:457-489
    DOI: 10.1080/10438599.2014.988516
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    References listed on IDEAS

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    1. Lawrence J. White, 1982. "The Regulation of Air Pollutant Emissions from Motor Vehicles," Books, American Enterprise Institute, number 936980, September.
    2. Link, Albert N. & Scott, John T., 2011. "Public Goods, Public Gains: Calculating the Social Benefits of Public R&D," OUP Catalogue, Oxford University Press, number 9780199729685.
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    Cited by:

    1. David P. Leech & John T. Scott, 2017. "Nanotechnology documentary standards," The Journal of Technology Transfer, Springer, vol. 42(1), pages 78-97, February.
    2. John T. Scott, 2016. "Creativity for invention insights: corporate strategies and opportunities for public entrepreneurship," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 409-448, December.
    3. Robert S. Danziger & John T. Scott, 2021. "Government royalties on sales of biomedical products developed with substantial public funding," The Journal of Technology Transfer, Springer, vol. 46(5), pages 1321-1343, October.
    4. Bonfim, Leandro R.C. & Segatto, Andréa P. & Gonçalves, Sandro A., 2018. "A conical-helix model of technology transfer and public-private partnerships for technological development in Brazilian public health," Technology in Society, Elsevier, vol. 53(C), pages 110-123.
    5. Dennis Patrick Leyden, 2016. "Universities as partners in research joint ventures," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 449-462, December.

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