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Estimating Prices for R&D Investment in the 2007 R&D Satellite Account

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  • Adam M. Copeland
  • Gabriel W. Medeiros
  • Carol A. Robbins

    (Bureau of Economic Analysis)

Abstract

This paper is part of a series that provides the details behind the Bureau of Economic Analysis's (BEA) satellite account on research and development (R&D) activity. In the current work, the focus is on the theoretical underpinnings and empirical implementation of the R&D price index used to construct real R&D output. We examine four alternative price indexes. For each, we lay out the theoretical assumptions needed for the approach to be valid and examine how well the approach works in practice. We then compare these four alternative price indexes and explain the choice of our preferred price index.

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Bibliographic Info

Paper provided by Bureau of Economic Analysis in its series BEA Papers with number 0083.

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Date of creation: Nov 2007
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Handle: RePEc:bea:papers:0083

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Cited by:
  1. Carol Corrado & Jonathan Haskel & Cecilia Jona-Lasinio & Massimiliano Iommi, 2012. "Intangible Capital and Growth in Advanced Economies: Measurement Methods and Comparative Results," Economics Program Working Papers 12-03, The Conference Board, Economics Program.
  2. Carol Robbins & Olympia Belay & Matthew Donahoe & Jennifer Lee, 2012. "Industry-level Output Price Indexes for R&D: An Input-cost Approach with R&D Productivity Adjustment," BEA Working Papers 0090, Bureau of Economic Analysis.
  3. Dennis Fixler, 2009. "Accounting for R&D in the National Accounts," BEA Papers 0094, Bureau of Economic Analysis.
  4. Diewert, W. Erwin & Huang, Ning, 2011. "Capitalizing R&D Expenditures," Macroeconomic Dynamics, Cambridge University Press, vol. 15(04), pages 537-564, September.
  5. Carol Corrado & Charles R. Hulten, 2012. "Innovation Accounting," Economics Program Working Papers 12-04, The Conference Board, Economics Program.
    • Carol A. Corrado & Charles R. Hulten, 2013. "Innovation Accounting," NBER Chapters, in: Measuring Economic Sustainability and Progress National Bureau of Economic Research, Inc.
  6. Haskel, J & Corrado, C & Jona-Lasinio, C & Iommi, M, 2013. "Innovation and intangible investment in Europe, Japan and the US," Working Papers 11139, Imperial College, London, Imperial College Business School.
  7. Sumiye Okubo, 2007. "Framework for an Industry-based R&D Satellite Account," BEA Papers 0087, Bureau of Economic Analysis.

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