King, M; Renedo, E (2020) Estimating the price elasticity of demand for NPL's service. NPL Report. IEA 6

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Abstract

This paper applies standard panel data analysis to a country-level panel dataset to estimate the price elasticity of demand for NPL’s services. The data used consists of NPL internal administrative information, as well as data coming from reliable and widely used publicly available databases such as the World Bank’s World Development Indicators database, or the CEPII database. The analysis finds that the price elasticity of demand for NPL’s services is greater than one, meaning that these are elastic goods for which the quantity demanded will vary more than proportionally if the price changes.

Item Type:	Report/Guide (NPL Report)
NPL Report No.:	IEA 6
Subjects:	International > Metrology
Divisions:	Strategy Directorate
Last Modified:	12 Aug 2020 12:49
URI:	https://eprintspublications.npl.co.uk/id/eprint/8809