Handbook on deriving capital measures of intellectual property products.

he latest System of National Accounts (the 2008 SNA) explicitly recognises, for the first time, that expenditures on research and experimental development ) should be recorded as capital formation. This is a natural extension to the 1993 SNA, which recommends recording many acquisitions of software and databases, mineral exploration, and entertainment, artistic and literary originals as capital formation, too. These products have a common characteristic, namely that their value reflects the underlying intellectual property they embody, which is why they are referred to collectively in this publication as intellectual property products (IPPs). But they also share another important characteristic: their measurement is not straightforward, and in the absence of clear guidance it is highly likely that estimates will not be comparable between countries. This Handbook is designed to provide that guidance by considering IPPs collectively, based on their common characteristics,;by type, based on any specificities, such as data availability;by detailed transaction -;for example the valuation of IPPs that have been produced for internal use by their developers, the valuation of unsuccessful IPPs, ;the production of IPPs produced and made freely available by government.Table of Content :; - Foreword; - Executive Summary Measuring Intellectual Property Assets; - Research and Experimental Development; - Mineral Exploration and Evaluation; - Software and Databases; - Entertainment, Literary and Artistic Originals; - References FOREWORD......Page 4 TABLE OF CONTENTS......Page 6 EXECUTIVE SUMMARY......Page 8 1. Intellectual property assets and gross fixed capital formation......Page 14 2. Estimating GFCF of intellectual property......Page 18 3. Demand and Supply side approaches......Page 22 4. Supply-side approach......Page 26 5. International trade in intellectual property products......Page 27 6. Prices and volumes......Page 32 7. Capital measures......Page 34 ANNEX A: PRICE AND QUALITY CHANGE......Page 37 8. Quantitative impact......Page 40 9. Definition and scope of R&D GFCF in the 2008 SNA......Page 41 10. Features of the FM data......Page 42 11. Guidelines for measuring GFCF on R&D in practice......Page 46 12. The bridge between FM and SNA sectors......Page 51 13. The bridge between FM’s intramural expenditures on R&D and SNA output......Page 52 14. The bridge between FM’s classifications of expenditures and funding and the SNA supply and use tables......Page 55 16. More on international trade......Page 60 17. Quarterly estimates of R&D......Page 61 18. Prices and volumes......Page 62 19. Capital measures......Page 63 ANNEX B: QUESTIONS ON THE LENGTH OF THE SERVICE LIFE OF R&D......Page 69 ANNEX C: CONSOLIDATED SET OF QUESTIONS FOR R&D PERFORMERS......Page 71 ANNEX D: ADDITIONAL DATA REQUIREMENTS......Page 79 ANNEX E: POINTERS ON DATA DEVELOPMENT FOR INTERNATIONAL TRANSACTIONS IN R&D......Page 81 20. International standards and mineral exploration and evaluation as an asset......Page 84 21. Definition and coverage of Mineral Exploration and Evaluation activity......Page 85 23. Compiling estimates of GFCF......Page 86 24. Price and volume measures......Page 87 26. Ownership......Page 88 ANNEX F: AUSTRALIAN MINERAL EXPLORATION AND EVALUATION SURVEYS......Page 90 Introduction......Page 102 27. Software......Page 104 28. Databases......Page 121 29. International trade in software and databases......Page 124 30. Prices and volumes......Page 126 31. Capital measures......Page 129 ANNEX G: LESSONS FROM BUSINESS ACCOUNTING......Page 133 ANNEX H: SOFTWARE-RELATED CLASSIFICATIONS......Page 135 33. Coverage of entertainment, literary and artistic originals......Page 151 34. Conceptual issues......Page 157 35. Valuation of entertainment, literary and artistic originals......Page 159 36. Royalties and rights for entertainment, artistic and literary originals......Page 161 37. Prices and volumes......Page 162 38. Capital measures......Page 163 ANNEX I: COPYRIGHT......Page 165 REFERENCES......Page 167 The latest System of National Accounts (the 2008 SNA) recognizes, for the first time, that expenditures on research and experimental development (R & D) should be recorded as capital formation. This is an extension to the 1993 SNA, which recommends recording many acquisitions of software and databases, mineral exploration, and entertainment, artistic and literary originals as capital formation, too. These products have a common characteristic, namely that their value reflects the underlying intellectual property they embody, which is why they are referred to collectively in this publication as intellectual property products (IPPs). But they also share another important characteristic: their measurement is not straightforward, and in the absence of clear guidance it is highly likely that estimates will not be comparable between countries. This handbook is designed to provide that guidance by considering IPPs collectively, based on their common characteristics, by type, based on any specificities, such as data availability, and by detailed transaction - for example the valuation of IPPs that have been produced for internal use by their developers, the valuation of unsuccessful IPPs, and the production of IPPs produced and made freely available by government.--Publisher's description The latest System of National Accounts (the 2008 SNA) explicitly recognises, for the first time, that expenditures on research and experimental development (R & D) should be recorded as capital formation. This is a natural extension to the 1993 SNA, which recommends recording many acquisitions of software and databases, mineral exploration, and entertainment, artistic and literary originals as capital formation, too. These products have a common characteristic, namely that their value reflects the underlying intellectual property they embody, which is why they are referred to collectively in this publication as intellectual property products (IPPs). But they also share another important characteristic: their measurement is not straightforward, and in the absence of clear guidance it is highly likely that estimates will not be comparable between countries. This Handbook is designed to provide that guidance by considering IPPs collectively, based on their common characteristics, by type, based on any specificities, such as data availability, and by detailed transaction - for example the valuation of IPPs that have been produced for internal use by their developers, the valuation of unsuccessful IPPs, and the production of IPPs produced and made freely available by government This Handbook Considers Intellectual Property Products (ipps) Collectively By Type And Detailed Transaction In Order That Estimates For National Accounts Valuations Be Comparable Across Countries.