Metrology, the science of measurement, is driven by continued development of science, technology and industrial production. The Economics of Metrology research paper provides an overview of Australia’s measurement system and reviews its importance in the economy.
The paper:
- reviews literature on the economic rationale for measurement and standards
- examines the economic benefits of measurement and associated costs
- summarises the empirical findings of a number of international studies
Authors: Kristel Robertson and Jan A. Swanepoel