Standards and Innovation: US Public/Private Partnerships to Support Technology-Based Economic Growth

Troy J. Scott & John T. Scott (2015): “Standards and Innovation: US Public/Private Partnerships to Support Technology-based Economic Growth,” Economics of Innovation and New Technology, DOI: 10.1080/10438599.2014.988516, Forthcoming

54 Pages Posted: 23 Mar 2015

See all articles by Troy J. Scott

Troy J. Scott

RTI International

John T. Scott

Dartmouth College - Department of Economics

Date Written: July 27, 2014

Abstract

This paper examines how strategic alliances to create and use standards affect economic growth and development. The explanation of the link from standards to economic growth and development is through the effects of standards on the incentives to perform industrial research and development (R&D). We examine product standards, metrology traceable to national and international standards, and regulatory standards to address negative externalities. The paper develops a theoretical explanation for the link from standards to growth, survey/interview-guides to gather information from industrial R&D experts about the explanation, and case-study evidence about the explanation. We discuss the standard-setting process and explain it entails strategic alliances among firms and with government involvement. Case studies of R&D projects in firms and in a national laboratory support the belief that standards implemented via strategic alliances leverage economic growth and development.

Keywords: standards, innovation, standard-setting organizations (SSOs), research and development (R&D), national laboratories, Corporate Average Fuel Economy (CAFE) fleet average standards

JEL Classification: O31, O32, O33, O34, O38, L51, L62, L63

Suggested Citation

Scott, Troy J. and Scott, John T., Standards and Innovation: US Public/Private Partnerships to Support Technology-Based Economic Growth (July 27, 2014). Troy J. Scott & John T. Scott (2015): “Standards and Innovation: US Public/Private Partnerships to Support Technology-based Economic Growth,” Economics of Innovation and New Technology, DOI: 10.1080/10438599.2014.988516, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2583536

Troy J. Scott

RTI International ( email )

PO Box 12194
Research Triangle Park, NC 27709
United States

John T. Scott (Contact Author)

Dartmouth College - Department of Economics ( email )

Hanover, NH 03755
United States

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