Abstract

This study gives a broad perspective on the impact of standardization in the Nordic Economies (Sweden, Denmark, Norway, Finland and Iceland. It finds, via a macroeconomic study, that standardization has contributed to increased labor productivity and GDP growth in all of the Nordic countries. It also includes a comprehensive business survey of 1179 companies, revealing that following and applying standards is an important part of Nordic companies' business plans, which gives a strong indication that standards will be important for future economic development.

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