Estimating Prices for R&D Investment in the 2007 R&D Satellite Account

Adam Copeland, Gabriel Medeiros and Carol Robbins
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Carol Robbins: Bureau of Economic Analysis

BEA Papers from Bureau of Economic Analysis

Abstract: This paper is part of a series that provides the details behind the Bureau of Economic Analysis's (BEA) satellite account on research and development (R&D) activity. In the current work, the focus is on the theoretical underpinnings and empirical implementation of the R&D price index used to construct real R&D output. We examine four alternative price indexes. For each, we lay out the theoretical assumptions needed for the approach to be valid and examine how well the approach works in practice. We then compare these four alternative price indexes and explain the choice of our preferred price index.

JEL-codes: E60 (search for similar items in EconPapers)
Date: 2007-11
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:bea:papers:0083

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