Chapter

R&D in the National Income and Product Accounts

Barbara M. Fraumeni and Sumiye Okubo

in Measuring Capital in the New Economy

Published by University of Chicago Press

Published in print October 2005 | ISBN: 9780226116129
Published online February 2013 | e-ISBN: 9780226116174 | DOI: http://dx.doi.org/10.7208/chicago/9780226116174.003.0009
R&D in the National Income and Product Accounts

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This chapter examines the impact of research and development on gross national product (GDP) and on national income and product accounts (NIPAs). It discusses how an R&D capital stock could be constructed for the U.S. NIPAs and analyzes the relationship between their measures and existing GDP. This chapter expresses hope that this study will spur consideration of how measuring intangible capital may change the existing statistics.

Keywords: research and development; GDP; NIPAs; U.S; capital stock; intangible capital

Chapter.  19652 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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