Assessment of the impact of metrology on the economy in Poland by means of the Solow model

Barbara Batóg; Mariusz Doszyń; Paweł Majda; Mirosław Pajor; Dominik Rozkrut; Monika Rozkrut; Małgorzata Tarczyńska-Łuniewska

doi:https://doi.org/10.59139/ws.2024.12.2

Barbara Batóg Uniwersytet Szczeciński, Instytut Ekonomii i Finansów, Polska / University of Szczecin, Institute of Economics and Finance, Poland ORCID: https://orcid.org/0000-0001-9236-7405 , Mariusz Doszyń Uniwersytet Szczeciński, Instytut Ekonomii i Finansów, Polska / University of Szczecin, Institute of Economics and Finance, Poland ORCID: https://orcid.org/0000-0002-3710-1177 , Paweł Majda Zachodniopomorski Uniwersytet Technologiczny w Szczecinie, Wydział Inżynierii Mechanicznej i Mechatroniki, Polska / West Pomeranian University of Technology in Szczecin, Faculty of Mechanical Engineering and Mecha-tronics, Poland ORCID: https://orcid.org/0000-0001-6238-655X , Mirosław Pajor Zachodniopomorski Uniwersytet Technologiczny w Szczecinie, Wydział Inżynierii Mechanicznej i Mechatroniki, Polska / West Pomeranian University of Technology in Szczecin, Faculty of Mechanical Engineering and Mecha-tronics, Poland ORCID: https://orcid.org/0000-0002-7701-385X , Dominik Rozkrut Uniwersytet Szczeciński, Instytut Ekonomii i Finansów; Główny Urząd Statystyczny, Polska / University of Szcze-cin, Institute of Economics and Finance; Statistics Poland, Poland ORCID: https://orcid.org/0000-0002-0949-8605 , Monika Rozkrut Uniwersytet Szczeciński, Instytut Ekonomii i Finansów, Polska / University of Szczecin, Institute of Economics and Finance, Poland ORCID: https://orcid.org/0000-0002-9701-6388 , Małgorzata Tarczyńska-Łuniewska Uniwersytet Szczeciński, Instytut Ekonomii i Finansów, Polska / University of Szczecin, Institute of Economics and Finance, Poland ORCID: https://orcid.org/0000-0002-7338-1989 Wiadomości Statystyczne. The Polish Statistician, vol. 69, 2024, 12, s. 16-37 Opublikowano online: 31 grudnia 2024 DOI https://doi.org/10.59139/ws.2024.12.2 Sposób cytowania: Batóg, B., Doszyń, M., Majda, P., Pajor, M., Rozkrut, D., Rozkrut, M., Tarczyńska-Łuniewska, M. (2024). Assessment of the impact of metrology on the economy in Poland by means of the Solow model. Wiadomości Statystyczne. The Polish Statistician, 69(12), 16–37. https://doi.org/10.59139/ws.2024.12.2.

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ARTYKUŁ

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STRESZCZENIE

The impact of metrology on the economy is typically determined on the basis of econometric models that are the modifications of the Cobb-Douglas function and which take into account total factor productivity (TFP). Such models make it possible to examine the cointegration of metrological variables and basic macroeconomic variables. However, this approach could not be used to determine the impact of metrology on the economy in Poland due to too few observations, and thus short time series of the macroeconomic data. The aim of the study presented in this article is to assess the impact of metrology on the economy in Poland by means of the Solow growth model. This model allows a simulation-based approach to analyse the effects of metrology by perturbing TFP. To the authors’ best knowledge, this type of approach has not yet been used to examine the impact of metrology on the economy.
The study demonstrates that a 1-percent increase in the net stock of standards correlates with a 0.35-percent rise in labour productivity, measured as GDP per employee. These findings align with similar analyses conducted in other countries, contributing to the understanding of metrology's economic significance.

SŁOWA KLUCZOWE

metrology, impact assessment, Solow model, total factor productivity, TFP

JEL

E01, O30

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