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

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10 giu 2025
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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.

Purpose

The 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.

Lingua:
Inglese
Frequenza di pubblicazione:
2 volte all'anno
Argomenti della rivista:
Economia e business, Economia politica, Economia politica, altro