A Research and Development Module Supplementing the National Accounts

National Accounts Occasional Paper No. 51

52 Pages Posted: 28 Nov 2007

See all articles by Frits Bos

Frits Bos

CPB Netherlands Bureau of Economic Policy Analysis

Hugo Hollanders

Maastricht University

Steven J. Keuning

European Central Bank - Director General Statistics

Date Written: 1992

Abstract

This paper presents a modified national accounting system tailored to a description of the role of Research and Development (R&D) in the national economy. The main differences with the standard national accounts are some changes in the basic concepts (e.g. own account production of R&D is considered as capital formation) and the introduction of additional classifications. Statistics on R&D, based on the guidelines in the Frascati manual, have to serve as a major data source. However, the Frascati statistics has some clear limitations, e.g. they ignore the income from and expenditure on patents and licenses and do not make a distinction between subsidies for R&D and the purchase of R&D.

Keywords: R&D, satellites, national accounts, economic growth

JEL Classification: C82, O3

Suggested Citation

Bos, Frits and Hollanders, Hugo and Keuning, Steven J., A Research and Development Module Supplementing the National Accounts (1992). National Accounts Occasional Paper No. 51, Available at SSRN: https://ssrn.com/abstract=1032612 or http://dx.doi.org/10.2139/ssrn.1032612

Frits Bos (Contact Author)

CPB Netherlands Bureau of Economic Policy Analysis ( email )

P.O. Box 80510
2508 GM The Hague, 2585 JR
Netherlands

Hugo Hollanders

Maastricht University ( email )

P.O. Box 616
Maastricht, 6200MD
Netherlands

Steven J. Keuning

European Central Bank - Director General Statistics ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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