Measuring the Capital Services of R&D in China

Wei XI

Abstract


R&D expenditure has been recognized as part of capital formation in SNA2008 for the first time. This part of the “new” capital formation changes the size of GDP, and also has a profound impact on capital accounting. Furthermore, with the concept of capital services introduced in SNA2008, there are some changes in capital accounting itself. In China, the R&D capitalization accounting is facing a lot of problems both in technique and data. By using the framework established in the two OECD manuals, our paper contributes to the literature by exploring the parameters in estimation of R&D assets in China. Then the calculation results of capital services on R&D from 1995-2011 are finally obtained.

Keywords


Capital services; R&D; Productive capital stock; Age-efficiency profile

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References


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DOI: http://dx.doi.org/10.3968/4361

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