Econometric Modelling of the Impact of Metrology on the Economy in Poland

Doszyń Mariusz (), Batóg Barbara (), Majda Paweł (), Pajor Mirosław (), Rozkrut Dominik (), Rozkrut Monika () and Tarczyńska-Łuniewska Małgorzata ()
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Doszyń Mariusz: University of Szczecin
Batóg Barbara: University of Szczecin
Majda Paweł: West Pomeranian University of Technology in Szczecin
Pajor Mirosław: West Pomeranian University of Technology in Szczecin
Rozkrut Dominik: University of Szczecin
Rozkrut Monika: University of Szczecin
Tarczyńska-Łuniewska Małgorzata: University of Szczecin

Folia Oeconomica Stetinensia, 2025, vol. 25, issue 1, 95-113

Abstract: Research background Studying the impact of metrology on the economy is a complicated matter. This is due to the specific nature of both metrology and the economy. There is no established method for determining the impact of metrology on the economy. PurposeThe paper attempts to build an econometric model to determine the impact of metrological activity on the economy of Poland. Research methodology In the first part of the study, a proxy variable measuring metrological activity was proposed. Then a multiple-equation nonlinear econometric model was built. This is a dynamic model, estimated by the 2SLS method. Results Based on simulations, the impact of metrological activity on variables such as GDP and R&D spending was determined. The results of simulations using the obtained model show that the average annual share of metrology in global labor productivity in Poland from 2002 to 2020 was at 9.4%. As regards the second variable (the share of R&D spending in GDP), the average annual share of metrology is 7.4%. Novelty In the paper an econometric estimation of metrology impact on the economy based on a multiple-equation nonlinear econometric model was proposed.

Keywords: metrology; impact of metrology on economy; econometric models; systems of equations (search for similar items in EconPapers)
JEL-codes: C30 C32 C51 C52 L15 O33 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:25:y:2025:i:1:p:95-113:n:1005

DOI: 10.2478/foli-2025-0005

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