New study shows a billion-dollar effect for Austria’s economy

  • Standards are responsible in Austria for Around 20 % of real GDP growth (corresponds to 1 billion euros per year).
  • Standards create jobs: 6.5 % of annual employment growth or 1,500 full -time equivalents per year.
  • Standardization bears 30 % of the growth of general labor productivity at.

The correct connection with standards

Norms ensure that one fits the other; z. B. the paper to the printer, the stair height to the learned step height or an ethically responsible handling of AI. While Lord and Ms. Austrian rarely specifically pay attention to standards in their everyday life, domestic companies strategically use the possibilities of standards, especially to gain a foothold in export markets quickly and safely. A standard offers important swarm knowledge from so -called standardization bodies, which can then be used as a blueprint in your own company. So if you use the international standards for your product or service, you can quickly produce and market and market it globally. In times of increasing trade barriers, standards remain as essential and stable bridges.

The results of the macroeconomic effects of standards now available for Austria are significant for the results of other European countries. Stefan HaignerStudy author and partner of the GAW, in addition: “We have methodologically closely based on studies for Germany, France, the Nordic countries or Great Britain. The results for Austria are within the framework of international comparison studies, which supports the meaningful. And the determined values ​​speak a clear language. Around a fifth of the annual GDP growth can be attributed to standards. In this country in order of magnitude such as that of an infrastructure project à la Brenner base tunnel. “

The important levers behind the effects of standards

The research results of the Innsbruck specialists for value creation analyzes allow conclusions to be drawn about the most important levers that arise from norms for the domestic economy: “Standards not only create security and trust for around 9 million people in Austria, they also work as a common language. As a uniform framework between market players: Inside, they facilitate the integration of small and medium -sized companies into global supply chains”, “, Explains Austrian Standards CEO Valerie Höllinger the term interoperability from the company’s perspective and explains in depth: “Standards are the basis for efficient and safe global trade. Those who use standards not only work more efficiently, but also future -proof. For an export -oriented country like Austria, they are the key to markets, technical compatibility and secure quality level – worldwide.”

Rolemodel Viewpointsystem GmbH from Vienna

The company produces eyetracking systems or smartlasses for the whole world in the city of Aspern Aspern. Existing international standards were decisive for the quick development of a technology that is safe for the eye and the rapid entry into global markets. “Our technology makes it possible for person A to sit on the notebook and person B who, for example, performs sensitive maintenance work, can safely instruct the eye via eyetracking. Here there were several standards that we could apply directly”, explains founder and CEO Nils Berger the surgical added value of standards.

Rolemodel EET – Efficiency Energy Technology GmbH aus Graz

The young Styrian company is the domestic expert for safe balcony power plants and thus part of a competitive market. “Where there is already a good standard, i.e. a technical blueprint, I save my own development effort, which in turn saves money and time. The go-to-market can be accelerated, which is worth gold in a competitive international environment such as the area of ​​PV production”, emphasized Jan SennCMO.

Details on the study

GAW carried out an econometric panel data analysis with fixed effects. The basis is a modified Cobb-Douglas production function, in which the additional number of valid standards was introduced as an explanatory variable. The regression analysis carried out over a ten -year observation period (2013 – 2023) with Start 2024 examines measurable effects of standardization on essential indicators such as employment, labor productivity and, above all, GDP. The contributions from standardization are also very important for the most important key figure: that GDP every year by average 5 billion euros and thus by 1.22 %, the Tyrolean researchers can attribute around a fifth to standardization (0.24 %). This confirms and underlines their overall economic importance with around EUR 1 billion annually in real GDP growth (evaluated at prices of 2023). The analysis proves that standardization increases both labor productivity and employment: During the observation period, employment growth (measured by the number of working hours) can be observed of an average of 0.53 % per year. About a thirteenth of the increase (0.04 percentage points) is due to common technical standards, which corresponds 1,500 full -time equivalents. The influence of standardization on the Labor productivity, which is indispensable in times of labor and skilled workers. Here is the contribution to the annual growth of 0.68 % In almost a third (0.2 %).“Standards apparently bundle numerous indirect effects: they promote interoperability, lower transaction costs, enable automation and facilitate innovation”interprets researchers Stefan Haigner the clear impact.

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