IDEAS home Printed from https://ideas.repec.org/a/pal/ecolmr/v1y2007i2p16-25.html
   My bibliography  Save this article

Treating research and development as a capital asset

Author

Listed:
  • Emma Edworthy

    (Office for National Statistics)

  • Gavin Wallis

    (HM Treasury)

Abstract

Presents work undertaken and some estimates of the productivity impact of R&D on business sector firms.Treating research and development as an asset requires a number of important steps. The first step is to determine the components of research and developmentexpenditure to be included as investment and then to translate those expenditure components into a National Accounts compatible format. The second step isthe construction of appropriate deflators for research and development assets. The final step requires the estimationof appropriate depreciation rates for research and development capital. This article presents work undertaken by theOffice for National Statistics on these three steps for the UK business sector and also some estimates of the productivityimpact of research and development on business sector firms. Economic & Labour Market Review (2007) [1], 16–25; doi:10.1057/palgrave.elmr.1410024

Suggested Citation

  • Emma Edworthy & Gavin Wallis, 2007. "Treating research and development as a capital asset," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 1(2), pages 16-25, February.
    • Handle: RePEc:pal:ecolmr:v:1:y:2007:i:2:p:16-25
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/elmr/journal/v1/n2/pdf/1410024a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/elmr/journal/v1/n2/full/1410024a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Markus Eberhardt & Christian Helmers & Hubert Strauss, 2013. "Do Spillovers Matter When Estimating Private Returns to R&D?," The Review of Economics and Statistics, MIT Press, vol. 95(2), pages 436-448, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:ecolmr:v:1:y:2007:i:2:p:16-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.