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R&D Satellite Accounts in the Netherlands UNECE-Eurostat-OECD Geneva, 22-24 April 2008

Agenda item 4 Invited paper 6. R&D Satellite Accounts in the Netherlands UNECE-Eurostat-OECD Geneva, 22-24 April 2008 Myriam van Rooijen-Horsten Murat Tanriseven Mark de Haan. R&D satellite account (part of knowledge module) :.

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R&D Satellite Accounts in the Netherlands UNECE-Eurostat-OECD Geneva, 22-24 April 2008

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  1. Agenda item 4 Invited paper 6 R&D Satellite Accounts in the Netherlands UNECE-Eurostat-OECD Geneva, 22-24 April 2008 Myriam van Rooijen-Horsten Murat Tanriseven Mark de Haan

  2. R&D satellite account (part of knowledge module): • Recording of R&D expenditure as gross fixed capital formation, including measurement of: • R&D capital stocks • R&D consumption of fixed capital • R&D capital services Uses: → Quantifying effects on macro aggregates → Knowledge economy indicators (knowledge investment) → Growth accounting

  3. Points of attention: • ► Use of Frascati R&D statistics • ► R&D prices • << NEW!! >> • ► Measurement international R&D flows • ► Service lives

  4. Internationalisation of R&D Research: 8 companies ≈ 46% of BERD (2005) ▪ their activities in the Netherlands: → 13% of all employees → 34% of R&D personnel ▪ 1 company reports 90% R&D export share (R&D financed by foreign affiliates) ▪ other 7 report no R&D export

  5. Internationalisation of R&D Research con’d: Interviews with 5 companies ≈ 33% of BERD ▪ Organisation and financing of R&D differ considerably between companies → location → financing ▪ Legal ownership at company level, Economic ownership in hands of business units ▪ Company balance sheets do not include R&D

  6. Internationalisation of R&D Conclusions: • For multinationals international R&D service flows are being underreported→ Export: Indeed!→ Import: ? • This complicates measurement of R&D investment Possible solutions: • Introducing survey questions on R&D sales and purchases of R&D services • Custom made surveying of largest companies

  7. R&D service lives • Using age distribution of patents as proxy for all knowledge capital • Two averages▪ unweighted ≈ 7 years ▪ weighted by patent values ≈ 18 years • Outcome: average service life of 12.5 yearsExceptions▪ Chemical industry: 15.5 years▪ Electro technical industry: 9.5 years

  8. Summary of results Changes national accounts aggregates, the Netherlands • 1999 2001 2003 2005 • GFCF in R&Dbln €4.8 5.3 5.7 6.1 • Adjustment of GFCF in % % 5.4 5.6 6.1 6.2 • Adjustment of GDP in % % 1.2 1.2 1.2 1.2 • Volume-indices (1999=100) • GFCF in R&D 100 102.2 101.6 103.8 • GFCF 100 100.8 94.7 96.6 • Adjusted GFCF 100 100.8 95.1 97.0

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