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Measuring Capital in the New Economy$
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Carol Corrado, John Haltiwanger, and Daniel Sichel

Print publication date: 2005

Print ISBN-13: 9780226116129

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226116174.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 04 August 2021

R&D in the National Income and Product Accounts

R&D in the National Income and Product Accounts

A First Look at Its Effect on GDP

(p.275) 8 R&D in the National Income and Product Accounts
Measuring Capital in the New Economy

Barbara M. Fraumeni

Sumiye Okubo

University of Chicago Press

This chapter examines the impact of research and development on gross national product (GDP) and on national income and product accounts (NIPAs). It discusses how an R&D capital stock could be constructed for the U.S. NIPAs and analyzes the relationship between their measures and existing GDP. This chapter expresses hope that this study will spur consideration of how measuring intangible capital may change the existing statistics.

Keywords:   research and development, GDP, NIPAs, U.S, capital stock, intangible capital

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