The Link Between Standardization and Economic Growth

Jussi Heikkilä,Timo Ali-Vehmas,Julius Rissanen

doi:10.4018/ijsr.287101

Abstract

We analyze the link between standardization and economic growth by systematically reviewing leading economics journals, leading economic growth researchers’ articles, and economic growth-related books. We make the following observations: 1) No article has analyzed the link between standardization and economic growth in top5 economics journals between 1996 and 2018. 2) A representative sample of the leading researchers of economic growth has allocated little attention to the link between standardization and economic growth. 3) Typically, economic growth textbooks do not contain “standards” or “standardization” in their word indexes. These findings suggest that the economic growth theory has neglected the role of standardization.

Highlights

Introduction to economic growthCompeting engines of growth: Innovation and standardizationOffshoring and directed technical change Authors*Adserà, A., Ray, D
The research question of this article is, what is the role of technology standardization in leading economics journals and in economic growth theory? Do leading economic growth researchers acknowledge the link between standardization and economic growth? Do books on economic growth discuss standardization? we provide a theoretical framework for analyzing these questions
Jovanovic and Rousseau (2014) does not focus on standards development, they write on page 864, “Our distinction between extensive investment in new projects and intensive investment in continuing projects is related to one made by Acemoglu, Gancia, and Zilibotti 2012 between innovation and standardization costs.”

Summary

Introduction

Introduction to economic growthCompeting engines of growth: Innovation and standardizationOffshoring and directed technical change Authors*Adserà, A., Ray, D. Competing engines of growth: Innovation and standardization.

Objectives

Methods

Results

Conclusion