Empirical Research on the Contribution of Standard to Labor Productivity

Standard plays an important role in the community. Considering China's reality, oil the basis of drawing lessons from relevant quantitative study of Germany and U.K, this paper establishes the econometric model to measure the contribution of standard to labor productivity. Results indicate the elastic coefficient of standard is 0.0549, which means the number of national standards increasing 1% will lead to labor productivity increase approximate 0.0549% if remaining other Unchanged,. The average annual growth rate for the Chinese standards is around 10% in recent years, according to this, the contribution of standard to labor productivity is about 0.549%.