R&D Satellite Accounts in the Netherlands 17 March 2005 R&D Satellite Accounts in the Netherlands EU-R&D-Taskforce, second meeting 19-20 June 2008 Luxembourg Murat Tanriseven, Myriam van Rooijen-Horsten, Mark de Haan and Dirk van den Bergen
A few steps in the R&D capitalisation process 17 March 2005 A few steps in the R&D capitalisation process Measuring R&D-output: From Frascati to National Accounting From R&D-use to R&D-investments R&D-output / -use / -investment time series in constant prices Estimating R&D service lives Some remaining issues
Measuring R&D-output (1/2) 17 March 2005 Measuring R&D-output (1/2) Translation from Frascati to National Accounts Valuation according to SNA- guidelines Market R&D = sales as observed in R&D survey Non-market R&D = sum of production costs Own-account R&D = value at market prices if possible
Measuring R&D-output (2/2) 17 March 2005 Measuring R&D-output (2/2) Translation from Frascati to National Accounts Bridge table GERD - capital expenditure + user costs of capital + clear profits - software overlap - subsidies = R&D-output
From R&D-use to R&D-investments (1/2) 17 March 2005 From R&D-use to R&D-investments (1/2) R&D use: Purchases Own-account R&D Government consumes all non- market R&D R&D investments??
From R&D-use to R&D- investments (2/2) 17 March 2005 From R&D-use to R&D- investments (2/2) Some conceptual issues: Freely available R&D: We: no asset SNA: asset if providing economic benefits to owner Market puchases by the R&D- and universities-industry is seen as intermediate use.
R&D-output / -use/ -investment time series in constant prices 17 March 2005 R&D-output / -use/ -investment time series in constant prices Time series of supply side. R&D-investments are estimated from supply figures. Use of GDP prices or input prices: not a substantial difference. We used a weighted average of price changes of production costs (input prices).
R&D capital stocks requirements: 17 March 2005 R&D capital stocks requirements: R&D investments An initial capital stock Age-efficiency profiles of R&D Estimate R&D Service lives
Estimating R&D service lives 17 March 2005 Estimating R&D service lives Using age distribution of patents as proxy for knowledge capital Two averages ▪ unweighted ≈ 7 years ▪ weighted by patent values ≈ 18 years Outcome: average service life of 12.5 years Exceptions ▪ Chemical industry: 15.5 years ▪ Electro technical industry: 9.5 years
17 March 2005 Results
Some remaining issues Trade within multinationals Software-overlap 17 March 2005 Some remaining issues Trade within multinationals Software-overlap R&D service life estimates R&D prices