| Treatment of International Research and Development as Investment Issues and Estimates Contributor(s): U. S. Department of Commerce (Author) |
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ISBN: 1503040526 ISBN-13: 9781503040526 Publisher: Createspace Independent Publishing Platform OUR PRICE: $12.30 Product Type: Paperback Published: October 2014 |
| Additional Information |
| BISAC Categories: - Political Science | International Relations - General |
| Physical Information: 0.17" H x 8.5" W x 11.02" (0.47 lbs) 82 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: In recent years, the Bureau of Economic Analysis (BEA) has initiated a long-term effort to provide more extensive economic data and analysis about research and development (R&D) activity and its effects on the economy. A major part of this effort has been the development, in conjunction with the National Science Foundation (NSF), of the R&D satellite account (R&DSA), a project that examines the effects on BEA's economic accounts of capitalizing R&D, that is, treating the knowledge created by R&D as a long-lived, intangible asset that contributes to future production in much the same manner as physical (tangible) capital. Under such an approach, spending on R&D is treated as investment, rather than as an expense as is current practice in BEA's accounts. The R&DSA was first released last year. Revised and extended estimates-the 2007 R&DSA-have been released recently. This paper, although not wholly integrated with the central R&DSA work, is related to that work. Its purpose is to examine various international aspects of the R&DSA and, more generally, the effects of treating R&D as investment throughout BEA's international accounts. This paper and one on regional effects constitute 2007 R&DSA background papers. |