Price Indexes for R and D Inputs, 1969--1983

Edwin Mansfield
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Edwin Mansfield: Center for Economics and Technology, University of Pennsylvania, Philadelphia, Pennsylvania 19104

Management Science, 1987, vol. 33, issue 1, 124-129

Abstract: This paper presents the first R and D price indexes based largely on actual prices and expenditures reported by firms. The results, based on a carefully designed sample of about 100 firms, show that the GNP deflator, which is used in the official government R and D statistics, has tended to underestimate the rate of inflation in R and D. For managerial and economic purposes, such as R and D budgeting and productivity studies, these indexes should be of widespread use.

Keywords: research and development; deflators; price indexes (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:33:y:1987:i:1:p:124-129

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