Download NTTS 2017 presentation - Conference

Capitalisation of
R&D in national
accounts
and planned methodological work
Presentation to NTTS satellite event
"Challenges in measuring productivity, growth and intangibles"
17 March 2017, Brussels
Intangibles included in ESA 2010
Intellectual property products (IPP):
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Research and development (new in ESA 2010)
Mineral exploration and evaluation
Computer software and databases
Entertainment, literary or artistic originals
Other intellectual property products
Treatment of R&D
• Commercial R&D: revenues from sales
• Own-account R&D by enterprises:
• Similar market prices
• Sum of costs with mark-up
• Own-account R&D by government, universities
etc: sum of costs without mark-up
Production of R&D leads to an asset (an "original")
that can be used directly in subsequent production
or licensed to others.
Sources and methods for R&D
Manual on measuring R&D in ESA 2010:
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"Frascati manual" surveys
Administrative data
Balance of payments
Business surveys
Capital expenditure surveys
Tax credit data
Patents
ESA 2010 Data requirements
Quarterly: total economy gross fixed capital
formation (GFCF) in total IPP
Annual:
• Breakdown of GFCF by industry (max 64) and
asset
• Breakdown of stocks (gross and net) by industry
(max 64) and asset
• Balance sheets for non-financial assets by sector
(not all breakdowns compulsory and derogations exist)
Some basic data
• Average IPP GFCF in % of GDP: increase from
2.5% in 2000 to 3.3% in 2015
• Share of R&D in total IPP: about 50%
• Share of software in total IPP: between 35-40%
• Average stock of IPP in % of total capital stock
(gross): increase from 3.3% in 2000 to 4.5% in
2015
• Share of R&D in total IPP: between 60-65%
• Share of software in total IPP: between 25-30%
Data improvements foreseen
• Filling gaps in country coverage and time series
(some derogations are ending)
• In-depth review of quality and comparability of
GFCF in R&D (in context of GNI Committee)
Eurostat/OECD
Task Force on IPP 2017-2018
• Develop further the practical guidance for
estimating stocks and flows of IPP, in particular
R&D and software
• Assess how economic location of IPP is/should be
determined, in context of globalisation
• Principle of economic ownership
Longer-term developments
• Next SNA/ESA: 202x?
• SNA research agenda: broadening the fixed asset
boundary to include other IPP (e.g. marketing
assets)
• European Task Force on future of ESA also put
this issue on the agenda
Need to balance:
• stability of methodology and quality of data
• keeping up with economic trends and changing
user needs
Thank you for your attention