Task Force on Research & Development 7th Meeting of the Advisory Expert Group on National Accounts New York, 23-25 April 2012 Jens Gruetz.

Slides:



Advertisements
Similar presentations
Inter-relationship Between China s Input- Output Estimation, production-based GDP and Expenditure-based GDP PENG Zhilong Department of National Accounts,
Advertisements

1 Capitalisation of R&D Report of R&D Task Force Charles Aspden Working Party on National Accounts, October 2006.
1 Paris 6-7 June nd workshop Measuring Education and Health volume output François LEQUILLER, OECD/STD/NAFS Measuring Education and Health volume.
Goods for Processing / Toll Processing … a pragmatic approach What is toll processing? Why is toll processing used? What is the problem? How has ONS dealt.
II. Compilation of GDP by income approach
1 1 Capitalisation of R&D in the national accounts Ann Lisbet Brathaug Head of National accounts Statistics Norway
PRIME MINISTRY REPUBLIC OF TURKEY TURKISH STATISTICAL INSTITUTE TurkStat NATIONAL ACCOUNTS IN TURKEY 1 TurkStat.
Ghana’s Experience in Setting Up a Plan for the Implementation of the 2008 SNA 2 nd Meeting of the Continental Steering Committee Addis Ababa, 2-4 April,
African Centre for Statistics United Nations Economic Commission for Africa Chapter 4: Use Table Ramesh KOLLI Senior Advisor on National Accounts, African.
R&D as a Value Creating Asset Emma Edworthy Gavin Wallis.
Accounting for Research and Development Expenditures Jennifer Ribarsky National Accounts Division, OECD 2014 NBS-OECD Workshop 2 – 5 December 2014.
Some Thoughts after Compiling 2008 SUT of China CHEN Jie Department of National Accounts NBS, China March 2012, Shanghai.
1 Seminar on Developing a Programme for the Implementation of 2008 SNA and Supporting Statistics October 2012 Pretoria, South Africa.
African Centre for Statistics United Nations Economic Commission for Africa Chapter 9: Chapter 9: Updating Supply and Use Tables Ramesh KOLLI Senior Advisor.
African Centre for Statistics United Nations Economic Commission for Africa Handbook on Supply and Use Table: Compilation, Application, and Good Practices.
Data items and their definitions Workshop for African countries on the Implementation of International Recommendations for Distributive Trade Statistics.
1 COMMENTS ON THE PAPER “China’s Measure in Real Term for Education” Ramesh Kolli Additional Director General Ministry of Statistics & Programme Implementation.
Copyright 2010, The World Bank Group. All Rights Reserved. Introduction to the System of National Accounts (SNA) Lesson 9 Data Sources for Estimating GDP.
Expert Group Meeting on National Accounts in the Caribbean September 2011 Port of Spain.
Copyright 2010, The World Bank Group. All Rights Reserved. Introduction to the System of National Accounts (SNA) Lesson 10 Some special estimation methods.
African Centre for Statistics United Nations Economic Commission for Africa Chapter 6: Chapter 6: Data Sources for Compiling SUT Ramesh KOLLI Senior Advisor.
THE TREATMENT OF ORIGINALS AND COPIES Working Party on National Accounts October 2004 Nadim Ahmad, Statistics Directorate, OECD.
International Transactions in Intellectual Property Group of Experts on the Impact of Globalisation (GGNA) Geneva May 2009 Contact:
Draft Handbook on Measuring Intellectual Property Products: Estimating Mineral Exploration Presentation to OECD Working Party on National Accounts, Paris,
SNA 1993 Updating - Issue 6a Financial Services, FISIM Giovanni Savio Statistics Coordination Unit, UN-ESCWA Workshop on National Accounts Cairo,
THE DISTINCTION AND LINKS BETWEEN BALANCE SHEETS OF NON-FINANCIAL CORPORATIONS IN THE SNA AND BUSINESS ACCOUNTING Peter van de Ven Head of National Accounts,
Copyright 2010, The World Bank Group. All Rights Reserved. Introduction to the System of National Accounts (SNA) Lesson 6 Capital Formation and Trade balance.
3rd ICP 2011 Technical Advisory Group Meeting at the OECD, Paris 10, 11 June 2010.
National Accounts Experts’ Meeting October 2002 Economic Analysis and Statistics Division Directorate for Science, Technology and Industry OECD.
1993 SNA update: towards SNA Rev.1 Lidia Bratanova UNECE Statistical Division Kiev,July 2007.
African Centre for Statistics United Nations Economic Commission for Africa Expert Group Meeting to review the “Handbook on SUT: Compilation, Application.
Comments and suggestions on Chapter 5: Supply table of the Handbook on Supply and Use Table (SUT): Compilation, Application, and Good Practices (draft,
JOINT UNECE/EUROSTAT/OECD MEETING ON NATIONAL ACCOUNTS, GENEVA APRIL DERIVING ESTIMATES OF GROSS FIXED CAPITAL FORMATION OF RESEARCH AND DEVELOPMENT.
International Statistical Committee of the Commonwealth countries ( CIS Statistical Committee ) CIS Statistical Committee Work on Coordination and Implementation.
1 AEG New York, April 2012 Issues related to military expenditures and the definition of catastrophes in the measurement of non-life insurance AEG.
UNECA/UNSD Regional Workshop November 2005 Research and Development UNSD/NA/MR1 UN STATISTICS DIVISION Economic Statistics Branch.
Capitalization of R&D in the national accounts of Israel.
UNECE – Group of Experts on National Accounts, 8 May 2014, Item 7: Global Production Mark de Haan (editor) Guide to Measuring Global Production - State.
Reviewing the ONS’ Perpetual Inventory Model and Capital Stock Estimation Chris Stapenhurst - National Accounts Strategy, Change and Support.
Real Financial Services 1 UN STATISTICS DIVISION Economic Statistics Branch National Accounts Section UNSD/ECA National accounts workshop November 2005.
JOINT UNECE/EUROSTAT/OECD MEETING ON NATIONAL ACCOUNTS, GENEVA APRIL HANDBOOK ON DERIVING CAPITAL MEASURES OF INTELLECTUAL PROPERTY PRODUCTS Agenda.
Progress Report on the Review of the SNA Carol S. Carson Project Manager Working Party on National Accounts OECD, Paris, October 11-14, 2005.
Developing a UK R&D Satellite Account Progress made and developments Fernando Galindo-Rueda Economic Analysis Division Office for National Statistics.
Research and Development (Issue 9) 1 Gulab Singh UN STATISTICS DIVISION Economic Statistics Branch National Accounts Section.
Expert Group Meeting UNECA – Addis Ababa 24 – 28 October 2011 Handbook on Supply and Use Table Compilation, Application and Good Practices Chapter 4 Structure.
1 1 R&D in the Norwegian National accounts Presented by Knut Ø. Sørensen Statistics Norway Agenda item 4 Invited paper 14.
China ’ s Input-Output Survey and Its Tabulation Method QI Shuchang Dept. of National Accounts, NBS.
Cost of capital services and the national accounts 1 UN STATISTICS DIVISION Economic Statistics Branch National Accounts Section UNSD/ECA National accounts.
R&D Satellite Accounts in the Netherlands 2008 World Congress on National Accounts and Economic Performance Measures for Nations May 12-17, 2008 Washington.
African Centre for Statistics United Nations Economic Commission for Africa Handbook on Supply and Use Table: Compilation, Application, and Good Practices.
STATISTICAL UNITS IN DESCRIBING THE PRODUCTION PROCESS: MAIN ISSUES Peter van de Ven Head of National Accounts OECD Advisory Expert Group on National Accounts.
African Centre for Statistics United Nations Economic Commission for Africa Expert Group Meeting: to review “Handbook on Supply and Use Table, Compilation,Application,and.
Capitalisation of R&D in national accounts
A Satellite Account for Research and Development for Denmark
Item III.3: Research and Development
ESA 2010: Recording of pension schemes in national accounts
Research and Development
Research and Development
Item 14a: Research and Development
Quality-Adjusted Labour Input
Research and Development
Task Force on Environmental transfers of the Working Group on
Using FM data for an R&D satellite account
Contact: Handbook on Deriving Capital Measures of Intellectual Property Products Key recommendations National Accounts Working Party.
Puck Taminiau-van Veen
General Government Impact on the Economy.
UPDATE OF SNA 1993 Conference on National Accounts in the context of development cooperation Luxembourg 6-8 May 2008.
Overview 2008 SNA (cont’d) Training Workshop on System of National Accounts for ECO Member Countries October 2012, Tehran, Islamic Republic of Iran.
Results of the Global Consultation on Government and Other Non-Market Producers’ Owned Assets – Cost of Using Capital.
Contact: Handbook on Deriving Capital Measures of Intellectual Property Products Key recommendations 13th OECD – NBS Workshop on.
Presentation transcript:

Task Force on Research & Development 7th Meeting of the Advisory Expert Group on National Accounts New York, April 2012 Jens Gruetz

2 Task Force on R&D – State of play The Eurostat Task Force on Research and Development (R&D) met three times: on 31 March 2011, on 16 February 2012 and on 22 March 2012 In the preparation for the first two meetings, the countries completed two rounds of the R&D questionnaires including preliminary statistical estimates and comments on their experiences on the capitalisation of R&D services; for the third meeting a questionnaire on service life was sent out In addition, countries exchanged practical experiences in compiling R&D estimates for national accounts, which allowed the Task Force to reach the following recommendations:

3 Recommendations of the R&D Task Force 1.full consistency between the data in the agreed compulsory R&D tables and the national accounts should be ensured in the course of the capitalisation of R&D services; 2.until the R&D stocks are available, the consumption of the R&D assets used in the production of R&D services does not have to be taken into account in the estimates of the R&D output (as a part of the consumption of fixed capital); 3.the input method is recommended in the calculation of R&D in volume terms; 4.geometric depreciation function is recommended as a reference method in the calculation of the consumption of fixed capital of R&D; however, countries that have developed alternative methods may continue to use them;

4 Recommendations of the R&D Task Force 5.the R&D services subcontracted by one R&D company to another R&D company should be recorded as intermediate consumption. However, the possibility of recording the output of R&D companies net of subcontracted R&D would be left open to countries that encounter problems in obtaining data needed to adjust the Frascati intramural expenditures on R&D to gross recording; 6.all expenditures by government on Intellectual Property Products (IPPs), including freely available R&D, should be recorded as GFCF, if they satisfy the requirement that IPPs is intended for use in the production of more than one year;

5 Recommendations of the R&D Task Force 7.the net operating surplus of market producers of R&D is derived as mark-up including unsuccessful R&D. The mark-up may be calculated as industry specific or as a single mark-up for all industries. To ensure stability of the mark-up time series, an average or a weighted moving average of several years should be used; 8.Service Life estimates used in the calculations of R&D should be based on dedicated surveys or other relevant research information, including information of other countries with comparable market/industry characteristics. Where such information is not available, a single average service life of 10 years should be retained; 9.the above mentioned Service Life estimates should be investigated regularly, e.g. every 10 years.

6 Conclusions of the R&D Task Force At the last meeting of the R&D TF, the issues discussed can be summaries as follows: i.Double-counting: Double-counting is to be eliminated by cross-comparing competing source data for the same product classes/fields. Care must be taken for definition differences; ii.Exhaustiveness: Exhaustiveness is ensured by cross- comparing competing and supplementary source data (R&D surveys, BoP, SBS, etc) with simultaneous harmonisation for definition differences.

7 Impact of reclassification of R&D on Gross Domestic Product – Provisional data

8 R&D expenditure and impact of reclassification of R&D on Gross Domestic Product – Provisional data

9 Thank you for your kind attention!