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Metrology is the study of measurement science. Publicly funded outputs from measurement science have public good characteristics, and thus scholars have previously investigated the economic impact of such outputs on aggregate productivity as a first look at the impact of such public funds on economic activity. This study is the first to explore the relationships between one output from measurement science—calibration tests at the U.S. National Institute of Standards and Technology (NIST)—and aggregate productivity. The finding of a positive relationship is suggested to be a springboard for future research on the economics of metrology.

The economics of metrology: an exploratory study of the impact of measurement science on U.S. productivity