The adaptive mechanism between technology standardization and technology development: An empirical study

The relationship between economy and technology has become more and more important, especially for emerging economies. The flow of capital, talents, information, technology, and other resources has increased the competition among enterprises. Technology standardization has been used to enhance enterprises' technical strength and accelerate the industrial technology development. However, technology standardization and technology development can promote each other only when both adapt to each other. Major factors influencing technology standardization and technology development have been studied by the grey absolute correlation, the grey relative correlation, and the grey comprehensive correlation. Policy recommendations are also presented to practitioners.