Small airways with inner diameters less than 2mm are sites of major airflow limitations in patients with chronic obstructive pulmonary disease (COPD) and asthma. The purpose of this study is to investigate the limitations for accurate assessment of small airway dimensions using both high-resolution CT (HRCT) and conventional normal-resolution CT at low dose levels. To model the normal human airways from the 3rd to 20th generations, a cylindrical polyurethane phantom with 14 airway tubes of inner diameters (ID) ranging from 0.3 to 3.4mm and wall thicknesses (WT) ranging from 0.15 to 1.6mm was placed within an Anthropomorphic QRM-Thorax phantom. The Aquilion Precision (Canon Medical Systems Corporation) HRCT scanner was used to acquire images at 80, 100, and 120kV using high resolution mode (HR, 0.25mm×160 detector configuration) and normal-resolution (NR) mode (0.5mm×80 detector configuration). The HR data were reconstructed using a 1024×1024matrix (0.22×0.22×0.25mm voxel size) and the NR data were reconstructed using a 512×512matrix (0.43×0.43×0.50mm). Two reconstruction algorithms (filtered back projection; FBP and an adaptive iterative dose reduction 3D algorithm; AIDR 3D) and three reconstruction kernels (FC30, FC52, and FC56) were investigated. The dose values ranged from 0.2 to 6.2mGy. A refined automated full-width half-maximum (FWHM) method was used for the measurement of airway dimensions, where the density profiles were computed by radial oversampling using a polar coordinate system. Both ID and WT were compared to the known dimensions using a regression model, and the root-mean-square error (RMSE) and average error were computed across all 14 airway tubes. The results indicate that the ID can be measured within a 15% error down to approximately 0.8 and 2.0mm using the HR and NR modes, respectively. The overall RMSE (and average error) of ID measurements for HR and NR were 0.10mm (-0.70%) and 0.31mm (-2.63%), respectively. The RMSE (and average error) of WT measurements using HR and NR were 0.10mm (23.27%) and 0.27mm (53.56%), respectively. The WT measurement using HR yielded a factor of two improvement in accuracy as compared to NR. High-resolution CT can provide more accurate measurements of airway dimensions as compared with NR CT, potentially improving quantitative assessment of pathologies such as COPD and asthma. The HR mode acquired and reconstructed with AIDR3D and the FC52kernel provides most accurate measurement of airway dimensions. Low-dose HR measurements at dose level above 0.9mGy can provide improved accuracy on both inner diameters and wall thicknesses compared to full dose NR airway phantom measurements.