Framework for an Industry-based R&D Satellite Account
This paper introduces a proposed framework for estimating an Industry-based R&D Satellite Account (IRDSA). The IRDSA builds on the preliminary Research and Development Satellite Account (R&DSA) released in September 2006, and provides industry and commodity detail. It adapts the U.S. input-output (I-O) accounts to present a consistent and systematic framework to assess the role of R&D in the economy at both an industry and commodity level. Inclusion of R&D in the industry accounts provides the framework for examining differences among industries’ investments in R&D and the impact of these investments on GDP by industry. It shows the sources of R&D output, R&D industry value added (gross output minus intermediate inputs), and R&D final uses. It allows a detailed look at the composition of R&D funding and performance across industries and the development of improved R&D deflators. In the longer term, the framework can be used as a basis for incorporating R&D into the core national economic accounts.
|Date of creation:||Dec 2007|
|Date of revision:|
|Contact details of provider:|| Phone: 202-482-4883|
Web page: http://www.bea.gov/research/index.htm
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Corrado, Carol & Haltiwanger, John & Sichel, Daniel (ed.), 2005. "Measuring Capital in the New Economy," National Bureau of Economic Research Books, University of Chicago Press, edition 0, number 9780226116129.
- Adam M. Copeland & Gabriel W. Medeiros & Carol A. Robbins, 2007. "Estimating Prices for R&D Investment in the 2007 R&D Satellite Account," BEA Papers 0083, Bureau of Economic Analysis.
- Carol Corrado & John Haltiwanger & Dan Sichel, 2005. "Measuring Capital in the New Economy," NBER Books, National Bureau of Economic Research, Inc, number corr05-1.
When requesting a correction, please mention this item's handle: RePEc:bea:papers:0087. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bryn Whitmire)
If references are entirely missing, you can add them using this form.