Dr Paul Temple

Research Interests

His recent research at Surrey has included work relating to physical investment and the economics of technological change and innovation, especially in relation to standards. He also has interests in business and technological history. His publications include editorship of Britain's Economic Performance; Investment, Growth, and Employment; Critical Perspectives: Mergers and Acquisitions. He has also published articles in various journals including the Economic Journal, Oxford Economic Papers, The Journal of Business and Economic Statistics, the International Journal of Industrial Organization, Cambridge Journal of Economics and the Economic History Review.

Research Collaborations

Professor Ciaran Driver, School of African and Oriental Studies (investment and Britain's economic performance)

Dr Christopher Spencer, Loughborough University and Shimomura Fellow, Research Institute of Capital Formation, Development Bank of Japan (standardization and productivity growth) 

Dr Ray Lambert, Associate Research Fellow, Department of Management, Birkbeck, University of London


  • Applied economics
  • The economics of international business competitiveness
  • Business History

Departmental Duties

Deputy Chair, School Teaching and Learning Comittee

Contact Me

Phone: 01483 68 6949

Find me on campus
Room: 14 AD 00

My office hours

Monday 11am - 12noon and 1.30-2.30pm

RePEc web page: download papers


Journal articles

  • Spencer CG, Temple PA. (2015) 'Standards, Learning and Growth in Britain, 1901-2009'. Wiley Economic History Review: a journal of economic and social history, 69 (2), pp. 627-652.


    This article considers the model of voluntary, consensus based standardization as developed through the British Standards Institution (BSI) and its contribution to learning and productivity growth. It discusses the significant role played by professional engineers in the model’s introduction, its extension at home, and its imitation overseas. It is argued that by 1931 the BSI catalogue of standards represented a considerable stock of codified knowledge whose growth reflected underlying aggregate technological opportunities, assisting in their transformation into technological advance. To help validate this claim, a measure of the size of the BSI catalogue of standards is incorporated into an econometric model of aggregate productivity growth in Britain. Findings show that the growth of the standards catalogue is associated with a substantial proportion of labour productivity growth over the period 1931–2009. Estimates relating to the short-run dynamics involved are consistent with the idea that there are causal linkages running from standards to growth. When interpreting these findings, it is argued that the overall weight of historical evidence points to standardization—coordinated through the BSI—as providing an important path of learning for the British economy over the period considered.

  • Choudhary MA, Temple P, Zhao L. (2013) 'Taking the measure of things: The role of measurement in EU trade'. Empirica, 40 (1), pp. 75-109.
  • Yang QG, Temple P. (2012) 'Reform and competitive selection in China: An analysis of firm exits'. Structural Change and Economic Dynamics, 23 (3), pp. 286-299.
  • Choudhary MA, Temple P, Zhao L. (2011) 'Taking the measure of things: the role of measurement in EU trade'. Springer Empirica, forthcoming


    In this paper theoretical and empirical models of intra-industry trade are developed in which economic activities, based on measurement and an associated measurement infrastructure, play a role in creating product variety. The paper discusses how the measurement infrastructure which includes institutions conducting metrological research and standard setting organization reduces transactions costs, especially in markets where differences in product characteristics are important. The theoretical analysis focuses on the public good characteristics of the measurement infrastructure, considering how the infrastructure impacts upon trade in a model based upon product differentiation under monopolistic competition. In the econometric analysis, indicators of the strength of the infrastructure within the EU, both across industries and across countries, suggest that measurement activities are important in determining the extent of bi-lateral EU intra-industry trade. Despite many common elements in the measurement infrastructure across the EU, there is also some evidence of differential access to the infrastructure among EU members.

  • Driver C, Temple P. (2010) 'Why do hurdle rates differ from the cost of capital?'. OXFORD UNIV PRESS CAMBRIDGE JOURNAL OF ECONOMICS, 34 (3), pp. 501-523.
  • Driver C, Temple P, Urga G. (2008) 'Real options - delay vs. pre-emption: Do industrial characteristics matter?'. International Journal of Industrial Organization, 26 (2), pp. 532-545.
  • Driver C, Temple P, Urga G. (2006) 'Contrasts between types of assets in fixed investment equations as a way of testing real options theory'. AMER STATISTICAL ASSOC JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 24 (4), pp. 432-443.
  • Driver C, Temple P, Urga G. (2006) 'Identifying externalities in UK manufacturing using direct estimation of an average cost function'. ELSEVIER SCIENCE SA ECONOMICS LETTERS, 92 (2), pp. 228-233.
  • Driver C, Temple P, Urga G. (2005) 'Profitability, capacity, and uncertainty: a model of UK manufacturing investment'. OXFORD UNIV PRESS OXFORD ECONOMIC PAPERS-NEW SERIES, 57 (1), pp. 120-141.
  • Driver C, Imai K, Temple P, Urga G. (2004) 'The effect of uncertainty on UK investment authorisation: Homogeneous vs. heterogeneous estimators'. Empirical Economics, 29 (1), pp. 115-128.
  • Lanza A, Temple P, Urga G. (2003) 'The implications of tourism specialisation in the long run: an econometric analysis for 13 OECD economies'. ELSEVIER SCI LTD TOURISM MANAGEMENT, 24 (3) Article number PII S0261-5177(02)00065-1 , pp. 315-321.
  • Temple P, Williams G. (2002) 'Infra-technology and economic performance: evidence from the United Kingdom measurement infrastructure'. ELSEVIER SCIENCE BV INFORMATION ECONOMICS AND POLICY, 14 (4) Article number PII S0167-6245(02)00065-3 , pp. 435-452.
  • Temple P, Urga G, Driver C. (2001) 'The influence of uncertainty on investment in the UK: A macro or micro phenomenon?'. BLACKWELL PUBL LTD SCOTTISH JOURNAL OF POLITICAL ECONOMY, 48 (4), pp. 361-382.

Conference papers

  • Lambert R, Temple PA. (2016) 'Mutuality of Intellectual Property Protection with Standards Development and Use: An Innovation Systems Perspective'. Birkbeck, University of London: 19th Uddevalla Symposium 2016 on Geography, Open Innovation, Diversity and Entrepreneurship
    [ Status: Accepted ]


  • Driver C, Temple P. (2012) The Unbalanced Economy. Palgrave Macmillan

Working Papers

  • Temple P, Witt R, Spencer C. (2004) Institutions and Long-Run Growth in the UK: the Role of Standards. Article number 1004

Page Owner: ecs1pt
Page Created: Monday 18 January 2010 09:47:09 by t00356
Last Modified: Monday 17 October 2016 13:21:52 by ecs1pt
Expiry Date: Monday 18 April 2011 09:46:07
Assembly date: Mon Apr 24 09:20:57 BST 2017
Content ID: 21816
Revision: 43
Community: 1200

Rhythmyx folder: //Sites/surrey.ac.uk/Economics/people
Content type: rx:StaffProfile