Measuring the Regional Capital Services of R&D in China: 1998-2012

Wei XI

Abstract


R&D expenditure has been identified as part of capital formation in SNA2008 for the first time. This part of the “new” capital formation changes the size of GDP, also has a profound impact on capital accounting. Furthermore, with the concept of capital services introduced in SNA2008, there are some changes in capital accounting itself. In China, the R&D capitalization accounting is facing a lot of problems both in technique and data. By using the framework established in the two OECD manuals, our paper helps to the literature by exploring the parameters in estimation of R&D assets in China. Then the calculation results of regional capital services on R&D from 1998-2012 are finally obtained.


Keywords


Capital service; R&D; Productive capital stock; Regional

Full Text:

PDF

References


Australian Bureau of Statistics. (2000). Australian national accounts: Concepts, sources and methods. Retrieved from http://www.abs.gov.au

Cai, X. C. ( 2009). The capital input measurement of China: 1978-2007. Management World, (11): 11-20.

Cao, Y. Q., Qin, Z. Q., & Qi Q. (2010). Estimating the capital service of China. Statistical Research, 29 (12), 45-52.

Erumban, A. A. (2008). Rental prices, rates of return, capital aggregation and productivity: Evidence from EU and US. CESifo Economic Studies, 54, 499–533.

Fraumeni, B. M. (1997, Jul.). The measurement of depreciation in the U.S. national income and product accounts. Survey of Current Business,

Gavin, W. (2009). Capital services growth in the UK: 1950 to 2006. Oxford Bulletin of Economics and Statistics, 71(6), 799-819.

Griliches, Z. (1979). Issues in assessing the contribution of research and development to productivity growth. Bell Journal of Economics, 10(1).

Hall, R. E., & Jorgenson, D. W. (1967). Tax policy and investment behavior. American Economic Review, 57, 391–414.

Hulten, C. R., & Wykoff, F. C. (1981a). The Estimate of economic depreciation using vintage asset prices. Journal of Econometrics, 57, 367–396.

Hulten, C. R., & Wykoff, F. C. (1981b). The Measurement of Economic Depreciation.

Hulten, C. R. (Ed.). Depreciation, inflation and the taxation of income from capital. Washington DC: The Urban Institute Press.

Jorgenson, D. W., & Griliches, Z. (1967). The explanation of productivity change. Review of  Economic Studies, 34, 249–283.

Jorgenson, D. W. (1963). Capital theory and investment behavior. American Economic Review, 53, 247–259.

Jun, W. (2009). Chin’s manufacturing r&d capital stock estimates (1998-2005). Statistical Research, 26 (4), 13-18.

Xiao, M., & Xie, F. J. (2009). The spatial distribution features of R&D capital stock in China. Technology Management Research, (8), 435-439.

OECD. (2001a). OECD Measuring capital manual. Retrieved from http//:www.oecd.org/OECD (2001b). OECD Measuring Productivity Manual. Retrieved from http//: www.oecd.org

Oulton, N., & Srinivasan, S. (2003). Capital stocks, capital services, and depreciation: An integrated framework. Bank of England Working Paper No. 192.

Robert, I. (2010). The sensitivity of capital services measurement: Measurement all assets and the cost of capital. Review of Income and Wealth Series, 56(2), 389-412.

Schreyer, P., Bignon, P.–E., & Julien, D. (2003). OECD capital services estimates: Methodology and a first set of results. OECD Statistics Working Paper, 6.

Sun, L. L., & Ren, R. E. (2005). Capital input measurement: A survey. China Economic Quarterly, 4(4), 823-842.

Sun, L. L., & Ren, R. E. (2008). Estimates of capital stock, capital rental price and capital input index by industries (1981-2000). Journal of Shanxi Finance and Economics University, 30(4) , 96-101.

Wang, M. X. (2011). The estimate on r&d capital stock of U.S. and its enlightenment to China. Statistical Research, 28(6), 58-63.

Wu, Y. B. (2006). R&D Stock, knowledge function and productivity. China Economic Quarterly, 5(3), 1129-1156.




DOI: http://dx.doi.org/10.3968%2F4894

Refbacks

  • There are currently no refbacks.


Reminder

How to do online submission to another Journal?

If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.


We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases:
caooc@hotmail.com; hess@cscanada.net; hess@cscanada.org

Copyright © 2010 Canadian Research & Development Center of Sciences and Cultures
Address: 730, 77e AV, Laval, Quebec, H7V 4A8, Canada

Telephone: 1-514-558 6138
Http://www.cscanada.net; Http://www.cscanada.org
E-mail:caooc@hotmail.com; office@cscanada.net