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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The latest System of National Accounts (the 2008 SNA) explicitly recognises, for the first time, that expenditures on research and experimental development (R&D) should be recorded as capital formation. This is a natural extension to the 1993 SNA, which recommends recording many acquisitions of software and databases, mineral exploration, and entertainment, artistic and literary originals as capital formation, too. These products have a common characteristic, namely that their value reflects the underlying intellectual property they embody, which is why they are referred to collectively here as intellectual property products (IPPs). But they also share another important characteristic: their measurement is not straightforward, and, in the absence of clear guidance, it is highly likely that estimates will not be comparable between countries. |
| Page Count | 2 |
| Starting Page | 3 |
| Ending Page | 4 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2009-12-03 |
| Access Restriction | Open |
| Subject Keyword | Economics |
| Content Type | Text |
| Resource Type | Chapter |
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|---|---|---|---|
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