ICES Workshop & WSC Academic Day 2011
The Role of Standardization in
Perspective of Economics.
Prof. Song Mingshun
China Jiliang University
Contents
标
准
化
与
知
识
产
权
管
理
1.Standards in Reality
2.Reviews of Standard Economics
3.Looking Forward
1.Standards in Reality
• Standards in Daily Life
标
准
化
与
知
识
产
权
管
理
• Standards in Society
SA8000,
ISO26000
• Standards in Agriculture
标
准
化
与
知
识
产
权
管
理
• Standards in Industry
• Standards in Service
标
准
化
与
知
识
产
权
管
理
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.
Daily
标
准
化
与
知
识
产
权
管
理
Life
Society
Standards
Everywhere
Economy
标
准
化
与
知
识
产
权
管
理
Finance is the blood of the economy
Standard is the Meridian of the economy
2.Reviews of Standard Economics
Information Economics
标
准
化
与
知
识
产
权
管
理
asymmetric information
Lemon Theorem
Bad money drives out good
Market Failure
Standard is one
of the six
approaches to
solve the failure
• Standard Economics Research Today
标
准
化
与
知
识
产
权
管
理
Contribution from Standard in England
标
准
化
与
知
识
产
权
管
理
Labour productivity growth
13%
1%
GDP growth per annum
£2.5 billion
Department of Trade and Industry.
Empirical Economics of Standards: reports on
research projects sponsored by the DTI .2005
标
准
化
与
知
识
产
权
管
理
Germany
Strategy of Standardization 2007
GNP growth per annum:1%
Contribution from Certification & Accreditation
标
准
化
与
知
识
产
权
管
理
0.671
%
122.7
billion
RMB
GDP Growth
18 trillion
China
Literature Reviews
Research on TBT
标
准
化
与
知
识
产
权
管
理
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
3. Looking forward
New Institutional Economics
标
准
化
与
知
识
产
权
管
理
The Neo-classical Synthesis
The Neo-classical Economics
Standards
In Microeconomics
标
准
化
与
知
识
产
权
管
理
• The elasticity analysis of demand
• the demand quality elasticity
D Q
Eq 
Q D
• the supply quality elasticity
S Q
sq 
Q S
• The demand quality Cross-elastic analysis
标
准
化
与
知
识
产
权
管
理
EC  q
D1 Q2

Q2 D1
classification of goods
Household goods
Durable Goods
luxury
Safety Products
EC q
(0,1)
>1
>1
>1
标
准
化
与
知
识
产
权
管
理
Indifference curve is Homogeneous curve
Different curve has different quality
标
准
化
与
知
识
产
权
管
理
Type of market
Technologydependent
Standard level
Perfect competition
market
Monopolistic
competitive market
Very low
Same quality
low
Indifference
quality
Oligopoly market
Know-how
High quality
Monopoly
patent
Monopolistic
quality
In Macroeconomics
• Goods market equilibrium
标
准
化
与
知
识
产
权
管
理
1
Y 
( A  ib )
1  c(1  t )
• Consumption propensity
c  kq
1
Y
( A  ib )
1  kq(1  t )
• Commodity money market equilibrium
标
准
化
与
知
识
产
权
管
理
1
Y
( A  ib )
1  kq(1  t )
1
M
i  ( k 0Y 
)
h
p
IS
LM
i
标
准
化
与
知
识
产
权
管
理
Y
i
LM
Q
IS
IS
q
Y
In New Institute Economics
标
准
化
与
知
识
产
权
管
理
• Monetary Policy
• Fiscal policy
• Industrial policy
Industrial Policy
标
准
化
与
知
识
产
权
管
理
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