Standardization of technology-based markets

The complexity of modern technology, especially its system character, has led to an increase in the number and variety of standards that affect a single industry or market. Standards affect the R&D, production, and market penetration stages of economic activity and therefore have a significant collective effect on innovation, productivity, and market structure. Standards are classified into product-element and nonproduct categories because the two types arise from different technologies and require different formulation and implementation strategies. Because standards are a form of technical infrastructure, they have considerable public good content. Research policy must therefore include standardization in analyses of technology-based growth issues.

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Keywords:

Economic growth, Industry structure, Innovation, R&D, Standardization

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Language(s):English
AuthorsTassey, Gregory (National Institute of Standards and Technology, USA)
Publisher:Elsevier Science B.V.
Keywords:Economic growth, Industry structure, Innovation, R&D, Standardization