English, Article, Journal or magazine article edition: Capitalizing R&D Expenditures Diewert, Erwin; Huang, Ning

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Bookmark: http://trove.nla.gov.au/version/40069
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Capitalizing R&​D Expenditures
Author
  • Diewert, Erwin
  • Huang, Ning
Physical Description
  • preprint
Notes
  • The next international version of the System of National Accounts will recommend that R&​D (Research and Development) expenditures be capitalized instead of being immediately expensed as in the present System of National Accounts 1993. An R&​D project creates a new technology, which in principle does not depreciate like a reproducible asset. A new technology is however subject to obsolescence, which acts in a manner that is somewhat similar to depreciation. The paper looks at the net benefits of an R&​D project in the context of a very simple intertemporal general equilibrium model and suggests that R&​D expenditures be amortized using the matching principle that has been developed in the accounting literature to match the fixed costs of a project to a stream of future benefits. Of particular interest is the evaluation of the net benefits of a publicly funded project where the results are made freely available to the public.
  • Cost benefit analysis, R&​D project, intertemporal general equilibrium theory, money metric utility scaling, matching principle, amortization, deprecia
  • RePEc:ubc:bricol:diewert-08-01-18-09-24-04
Language
  • English
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