ICES Workshop & WSC Academic Day 2011 The Role of Standardization in Perspective of Economics. Prof. Song Mingshun China Jiliang University
Contents 1.Standards in Reality 2.Reviews of Standard Economics 3.Looking Forward
1.Standards in Reality Standards in Daily Life Standards in Society SA8000, ISO26000
Standards in Agriculture Standards in Industry Standards in Service
The Data from WTO Report 2005 More than 67% rules and documents issued by WTO since 1995 to 2005, are related in technical regulations, standards and conformity assessments.
Finance is the blood of the economy Standard is the Meridian of the economy
Information Economics asymmetric information Lemon Theorem Bad money drives out good Market Failure Standard is one of the six approaches to solve the failure 2.Reviews of Standard Economics
Standard Economics Research Today
Labour productivity growth 13% GDP growth per annum 1% £2.5 billion Department of Trade and Industry. Empirical Economics of Standards: reports on research projects sponsored by the DTI.2005 Contribution from Standard in England
Germany Strategy of Standardization 2007 GNP growth per annum:1%
Contribution from Certification & Accreditation GDP Growth % 18 trillion billion RMB China
Research on TBT Research on Important international Standards Research on agriculture and food Research on Information Communication Standards Research on IPR and Standards Research on Standards and Markets Literature Reviews
3. Looking forward The Neo-classical Economics Standards The Neo-classical Synthesis New Institutional Economics
In Microeconomics The elasticity analysis of demand the demand quality elasticity the supply quality elasticity
The demand quality Cross-elastic analysis classification of goods Household goods (0,1) Durable Goods >1 luxury >1 Safety Products >1
Indifference curve is Homogeneous curve Different curve has different quality
Type of marketTechnology- dependent Standard level Perfect competition market Very lowSame quality Monopolistic competitive market lowIndifference quality Oligopoly marketKnow-howHigh quality MonopolypatentMonopolistic quality
In Macroeconomics Goods market equilibrium Consumption propensity
Commodity money market equilibrium
i i Y Y LM IS Q q
In New Institute Economics Monetary Policy Fiscal policy Industrial policy
Industrial Policy Market rules Market monitoring rules energy saving emission reduction Standards are adopted in these policies.
Thank you for your attentions ! ICES Workshop & WSC Academic Day 2011 Hangzhou. China