C. Buts, E. V. Droogenbroeck, M. Dooms, Kim Willems
{"title":"The Economic Impact of Standards in Belgium","authors":"C. Buts, E. V. Droogenbroeck, M. Dooms, Kim Willems","doi":"10.4018/ijsr.20200101.oa3","DOIUrl":null,"url":null,"abstract":"While several past studies have measured the impact of standards on indicators such as output and productivity for a variety of countries, a quantitative analysis that focuses on Belgium has not been performed yet. Based on a dataset containing sector level data spanning 25 years (1994-2018), the authors find that, next to capital investment and the number of patents, standards make a statistically significant, positive and substantial contribution to Belgian GDP as well as to labor productivity. More specifically, one additional standard will on average increase GDP by €2.04 million per year and will increase labor productivity per person employed by €11.5. In addition, standards contribute to about 0.2% of GDP, 19% of GDP growth, and 19% of labor productivity growth.","PeriodicalId":53146,"journal":{"name":"International Journal of Standardization Research","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Standardization Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4018/ijsr.20200101.oa3","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
While several past studies have measured the impact of standards on indicators such as output and productivity for a variety of countries, a quantitative analysis that focuses on Belgium has not been performed yet. Based on a dataset containing sector level data spanning 25 years (1994-2018), the authors find that, next to capital investment and the number of patents, standards make a statistically significant, positive and substantial contribution to Belgian GDP as well as to labor productivity. More specifically, one additional standard will on average increase GDP by €2.04 million per year and will increase labor productivity per person employed by €11.5. In addition, standards contribute to about 0.2% of GDP, 19% of GDP growth, and 19% of labor productivity growth.
期刊介绍：
The primary mission of the International Journal of Standardization Research (IJSR) is to publish research findings that will advance knowledge relating to standards and standardization for diverse settings and applications. IJSR aims to be an authoritative reference source and a prime outlet for scholarly information within the standardization research community. By focusing on emerging research and trends in this field, IJSR targets researchers, scholars, policy-makers, managers, and practitioners from both businesses and standards organizations and decision makers.
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