Transcript Handbook on Deriving Capital Measures of IPPs

Handbook on
Deriving Capital
Measures of IPPs
Charles Aspden, OECD
Introduction
• Recognition of R&D as a fixed asset is one
of the major changes in the new SNA
• OECD and EU task forces created to
promote its implementation quickly,
efficiently, and accurately , while achieving
international comparability
• New OECD handbook to provide guidance
on compiling estimates of intellectual
property products (IPP)
OECD R&D TF
Objective
• Complete handbook on deriving capital
measures of intellectual property products
by the end of 2008, encompasses:
– Software and databases
– R&D
– Mineral exploration and evaluation
– Literary and artistic originals
Composition of TF
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US (chair Brent Moulton plus 5 others)
Canada (1)
France (2)
Germany (4)
Israel (2)
Korea (2)
Netherlands (1)
Switzerland (1)
UK (1)
OECD (2)
Australia and New Zealand partial members
Five sub groups
• SG A: R&D service lives (Soli Peleg)
• SG B: R&D output price indices (Denis
Fixler)
• SG C: R&D GFCF boundary (Dirk van den
Bergen)
• SG D: R&D international trade (Francisco
Moris)
• SG E: Software (Charles Aspden)
• 5-9 people in each SG
• Each SG has its own work plan
Meetings and communications
in 2008
• First meeting in Geneva, 24-25 April
• Second meeting Paris-Washington, 21-22
July
• Third meeting Paris-WashingtonWinnipeg, 16-17 October
• SGs communicate by email.
SG A: R&D service lives
Activities
1. Overview of existing methods
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Econometric
Patent renewal
2. Possibility of using enterprise surveys – i.e.
asking the head of R&D for the firm’s
expectations
3. Possibility of seeking expert opinions, e.g. experts
in venture capital companies
4. Israel, Germany and UK have undertaken pilot
surveys. The results are encouraging, but more
refinement of survey methods is needed.
SG B: R&D output price indices
Activities
• Considered a proposal for a pseudo output
price index at the meeting in July.
• Will consider refinements to the proposal
this week.
SG C: R&D GFCF boundary
Activities
1. Clarifying where asset boundary for R&D should
be drawn in concept, i.e. what’s in and what’s out.
2. Testing to what extent basic R&D performed by
government and academia results in economic
benefits to the owners
3. Investigation of available data to implement (1)
conditional on (2)
4. Socio-economic objectives appears to provide the
best means to make the discrimination
5. Also considered double counting
SG D: R&D international trade
Activities
• Defining R&D exports and imports:
identifying the transactors and transactions;
identifying data sources for them
• Developing guidelines for source data and
capitalization
– SITS (source data for services in BPM6 and
EBOPS)
• Analysis of draft BPM6 and development of proposals
for revised MSITS and EBOPS
– R&D surveys, i.e. funding and extramural
expenditures
– Combining data from different sources
SG E: Software
Activities
• Identify changes to SNA
• Identify changes to classifications and
document relationships between old and
new.
• Conduct a survey to identify
methodological advances since 2003
• Amend recommendations accordingly
Other IPPs
• Mining exploration and evaluation –
based on ABS paper presented to Canberra
II Group in 2007
• Entertainment, literary and artistic
originals based on EU TF report in 2003
Next steps
• Conclude remaining outstanding issues at
this week’s meeting
– Surveys on service lives and use of innovation
survey data
– Practicalities of using socio-economic
objective data to identify R&D GFCF by nonmarket producers
– Further consideration of trade data and MNCs
– Review the draft Handbook
• Finalise draft Handbook