Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock (
) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
NIST Economic Impact Studies table
Impact Reports
| Impact Study/ Transfer Mechanism | Outcomes | BCR(a) | SRR(b) | 249NPV(Year)(c) |
|---|---|---|---|---|
| Building Technology | ||||
"Benefits and Costs of Research: A Case Study of Construction Systems Integration and Automation Technologies in Commercial Facilities" (2001)
|
Increase productivity & reduced costs | 4 | nc | $120M (1997) |
"Benefits and Costs Of Research: A Case Study of Fire Dynamics Simulation" (2002)
|
Improved efficiencies & reduced R&D costs | 75 | 27% | $282M (2000) |
| Chemicals | ||||
"Economic Impact of Standard Reference Materials for Sulfur in Fossil Fuels" (2000)
|
Increased product quality & production efficiency, reduced transaction costs & pollution | 113 | 1056% | $409M (1998) |
"The Economic Impact of the Gas-Mixture NIST-Traceable Reference Materials Program" (2002)
|
Increase productivity, reduced costs | 24 | 225% | $56M (2001) |
| Electronics | ||||
"Economic Impact Assessment of the NIST's Josephson Volt Standard Program" (2001)
|
Increased product quality & production efficiency, reduced development costs | 5 | 877% | $45M (2000) |
| Information Technology | ||||
"The Economic Impacts of NIST's Data Encryption Standard (DES) Program" (2001)
|
Increase productivity, reduced technical risks | 102 | 270% | $768M (2000) |
"The Economic Impact of Role-Based Access Control" (2001)
|
Increase productivity, reduced R&D costs | 109 | 62% | $292M (2000) |
"Economic Impact Assessment of NIST's Text Retrieval Conference (TREC) Program" (2010)
|
Increase productivity, reduced R&D costs | 4 | 189% | $51M (2009) |
| Manufacturing | ||||
| "Economic Impact Assessment of the International Standard for the Exchange of Product Model Data (STEP) in Transportation Equipment Industries" (2002)
|
Improved system efficiencies, & reduced costs | 8 | 32% | $180M (2001) |
"Economic Analysis of Role-Based Access Control" (2010)
|
Improved system efficiencies & reduced downtime | 249 | nc | $835M (2000) |
"The Economic Impacts of Documentary Standards: A Case Study of the Flat Panel Display Measurement Standard(FPDM)" (2011)
|
Improved system efficiencies, reduced costs | 4 | 48% | $56M (2010) |
| Materials | ||||
"Retrospective Economic Impact Assessment of the NIST Combinatorial Methods Center" (2009)
|
Increased R&D, production & technology adoption efficiency | 9 | 161% | $118M (1998) |
| Pharmaceuticals | ||||
"The Economic Impacts of NIST's Cholesterol Standards Program" (2000)
|
Reduced production costs, improved quality & accuracy | 5 | 154% | $4M (1999) |
| Photonics | ||||
"Economic Impact Assessment: NIST-EEEL: Laser and Fiberoptic Power and Energy Calibration Services" (2000)
|
Increase productivity, reduced costs | 9 | 136% | $20M (1999) |
| Semiconductors | ||||
"Economic Analysis of NIST's Investments in Superfilling Research" (2008)
|
Reduced R&D costs | 5 | 71% | $8M (2008) |
"Economic Analysis of NIST's Low-K Materials Characterization Research" (2008)
|
Redcued R&D, adoption, & production costs | 8 | nc | $17M (2008) |
| SRR | BCR | |
|---|---|---|
| Number of Studies Reporting | 13 | 16 |
| Min | 27% | 4 |
| Max | 1056% | 249 |
| Mean | 254% | 46 |
| Std Dev | 327% | 69 |
| Median | 154% | 9 |
|
|
||||
| nc = not calculated (a) NPV (Year) = Net Present Value and base year for dollars (b) SRR = Social Rate of Return (c) BCR = Benefit to Cost Ratio |
||||
Created October 20, 2014, Updated November 20, 2024