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Extending the asset boundary to include research and development.
| Content Provider | CiteSeerX |
|---|---|
| Author | Oecd, Charles Aspden |
| Abstract | 1. Expenditures on research and development (R&D) are not treated as capital formation in the 1993 SNA even though it is acknowledged that they are inherently investment in nature. The reasons that are usually cited, which are essentially technical in nature, are given in paragraph 6.163. 2. Over the last few years a task force set up by the OECD Working Party of National Experts on Science and Technology Indicators (NESTI) has been systematically addressing all the difficulties of using data compiled in the Frascati 1 system to support the inclusion of R&D assets in the national accounts. This task force has also participated in the Canberra II Group on the Measurement of Non-financial Assets and aided the Group in its work. The issues addressed include: a) The scope of R&D capital formation b) The definition of R&D c) The measurement of R&D capital formation and other R&D statistics in the national accounts d) The avoidance of double counting R&D output e) Constant price estimation of R&D output f) The measurement of R&D capital stock, capital services and consumption of fixed capital (CFC) |
| File Format | |
| Access Restriction | Open |
| Content Type | Text |
