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The Economic Impact of Standards in Belgium.
- Source :
- International Journal of Standardization Research; Jan-Jun2020, Vol. 18 Issue 1, p44-64, 21p
- Publication Year :
- 2020
-
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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 24708542
- Volume :
- 18
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- International Journal of Standardization Research
- Publication Type :
- Academic Journal
- Accession number :
- 147940038
- Full Text :
- https://doi.org/10.4018/IJSR.20200101.oa3