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1993 SNA Update Information - Expert comments for issue:
Mineral exploration

Issue description
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Expenditures on mineral exploration are classified in the 1993 SNA as gross fixed capital formation. The rationale is that mineral exploration creates a stock of knowledge about the reserves that is used as input in future production activities. The question has been raised as to whether this knowledge should be seen as independent of the stock of economically exploitable reserves or whether this leads to double accounting when both discovered stocks of resources and stock of exploration are capitalized.
Expert comments
Number of expert comments for selected issue:1
  Date postedSourceComment
 2/25/2005John Pitzer m2(c)pitzer;
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