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Issue detail

9. Research and development
Issue description and recommendation

The 1993 SNA does not recognize the output of R&D as capital formation, despite the fact it is thought to be a major contributor to future economic growth. If the SNA were to be changed, should all expenditure on R&D, or only some, be recorded as capital formation? Can all the practical difficulties of deriving satisfactory estimates be overcome, for example by using expenditure data collected in accordance with the Frascati Manual, and obtaining appropriate deflators and service lives?

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Chapters affected by this issue, and their status (For more information click corresponding chapter from the list)
  No draft yet, AEG/world review draft, Final draft
6. The production account
10. The capital account
12. The other changes in assets accounts
13. The balance sheet
15. Price and volume measures
26. The rest of the world accounts
29. Satellite accounts and other extensions

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