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The Economics of Metrology

Author

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  • Link, Albert

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

Metrology is the study of measurement science. Publicly funded outputs from measurement science have public good characteristics, and thus scholars have previously investigated the economic impact of such outputs on aggregate productivity as a first look at the impact of such public funds on economic activity. This study is the first to explore the relationships between one output from measurement science—calibration tests at the U.S. National Institute of Standards and Technology (NIST)—and aggregate productivity. The finding of a positive relationship is suggested to be a springboard for future research on the economics of metrology.

Suggested Citation

  • Link, Albert, 2021. "The Economics of Metrology," UNCG Economics Working Papers 21-1, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2021_001
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    References listed on IDEAS

    as
    1. Temple, Paul & Williams, Geoffrey, 2002. "Infra-technology and economic performance: evidence from the United Kingdom measurement infrastructure," Information Economics and Policy, Elsevier, vol. 14(4), pages 435-452, December.
    2. Hall, Bronwyn H. & Mairesse, Jacques & Mohnen, Pierre, 2010. "Measuring the Returns to R&D," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1033-1082, Elsevier.
    3. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    4. Marshall, Alfred, 1920. "Industry and Trade," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number marshall1920.
    5. M. Choudhary & Paul Temple & Lei Zhao, 2013. "Taking the measure of things: the role of measurement in EU trade," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 40(1), pages 75-109, February.
    6. Tassey, Gregory, 2017. "The Roles and Impacts of Technical Standards on Economic Growth and Implications for Innovation Policy," Annals of Science and Technology Policy, now publishers, vol. 1(3), pages 215-316, September.
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    Cited by:

    1. Knut Blind & Florian Ramel & Charlotte Rochell, 2022. "The influence of standards and patents on long-term economic growth," The Journal of Technology Transfer, Springer, vol. 47(4), pages 979-999, August.

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    More about this item

    Keywords

    Metrology; Measurement science; Program management; Calibration tests; Public goods; R&D;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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