The Economics of Metrology

Albert Link

No 21-1, UNCG Economics Working Papers from 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.

Keywords: Metrology; Measurement science; Program management; Calibration tests; Public goods; R&D (search for similar items in EconPapers)
JEL-codes: H41 H54 O47 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2021-02-19
New Economics Papers: this item is included in nep-eff
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2021_001

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