The Economic Impact of Standardization. Technological Change, Standards Growth in France

The AFNOR study, which was authored by AFNOR's Marketing and Innovation Department, comprises two dimensions:
Firstly, a macroeconomic analysis in order to assess the relationship between standards and growth in the long term. This analysis is based on a methodology which was used for the first time in Germany (1999) and was subsequently adopted – with a few amendments – in the United Kingdom (2005), in Australia (2007) and in Canada (2007).
It reveals that, over time, standardization directly contributes to the growth in the French economy, for up to 0.81 %, or almost 25 % of GDP growth.
Secondly, a microeconomic analysis in order to collect company perceptions of the impact of standardization. A survey of 1 790 companies or organizations of all sizes and from all sectors of activity, irrespective of whether or not they are involved in the standardization process, was conducted so as to complement the macroeconomic analysis. Over 66 % of the companies interviewed value standardization for its contribution to the generation of profits, proving that it has a positive impact on a company’s value.
Another result is that not just large corporations, capable of mobilizing considerable resources in the standardization process, consider voluntary standards beneficial for their activities. SMEs with 250 employees or less also found them beneficial. Thus, 69.3 % of companies consider standardization to have a positive impact on their activity.
Key findings
From a macroeconomic standpoint, standardization directly contributes to the growth in the French economy. Standardization contributes an average of 0.81% per year, or almost 25% of GDP growth. This is in line with figures for other technological leading countries, such as Germany and the United Kingdom.
An in-depth survey of 1,790 companies or organizations of all sizes and from all sectors of activity, showed that over 66% of the companies stated that standardization contributes to the generation of profits, proving that it has a positive impact on a company’s value. This also applies to SMEs with 250 employees or less also found them beneficial. Thus, 69.3% of companies consider standardization to have a positive impact on their activity. 71.2% of respondents found that participating in standardization enabled them to anticipate future market requirements in their own particular sector. 61.6% of respondents said that investing in standardization was an efficient strategy for promoting their interests at both European and international levels.
Five major lessons emerge from this study:

Download(s):

URL

Additional information:

Published:2009
AuthorsHakima Miotti (AFNOR Group)
Other bibliographical information:AFNOR - French Assocation for Standardization