a nd planned methodological work Presentation to NTTS satellite event Challenges in measuring productivity growth and intangibles 17 March 2017 Brussels Intangibles included in ESA 2010 ID: 611832
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Slide1
Capitalisation of R&D in national accounts
a
nd
planned
methodological
work
Presentation
to NTTS satellite
event
"Challenges in
measuring
productivity
,
growth
and intangibles"
17 March 2017, BrusselsSlide2
Intangibles included in ESA 2010
Intellectual property products (IPP):
Research and development (new in ESA 2010)
Mineral exploration and evaluation
Computer software and databases
Entertainment
, literary or artistic
originals
Other
intellectual property
productsSlide3
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.Slide4
Sources and methods for R&D
Manual on measuring R&D in ESA 2010:
"
Frascati
manual" surveys
Administrative data
Balance of payments
Business surveys
Capital expenditure surveys
Tax credit data
PatentsSlide5
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)Slide6
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
%Slide7Slide8Slide9Slide10
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)Slide11
Eurostat/OECDTask 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 ownershipSlide12
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 needsSlide13
Thank you for your attention