Research On The Establishment Of China’s R&D Satellite Account Based On SNA2008

With the rapid changes in the direction of economic development,the status of indicators,research and experimental development(R&D),which reflects the initiative research and development ability,is becoming highlighted.On the other hand,the latest version of national economic accounting system,the SNA2008,has admitted the investment property of R&D activities and has classified them into intellectual property products under the fixed asset project,which would be contained into the gross domestic product(GDP) directly.This action will have a profound effect on the global economy in the future.Therefore,the researches about how to transform R&D activities from expensing procedure to capitalizing procedure will have a great theoretical significance and practical values,which has drawn extensive attentions of international organizationS,governments and academics.The purpose to establish satellite account is to give a comprehensive description and to analysis R&D activities, so that it can trace the effects that the R&D activities have on the national economic.Bureau of Economic Analysis(BEA) of US Department of Commerce has already capitalized the R&D activities based on the detail statistical data,using quantitative analysis method,and it has updated and improved America’s R&D satellite account a couple of times,which has enriched the R&D accounting system and has a great reference value.Other members of the organization for economic cooperation and development also take an active part in establishing the R&D satellite account which is in accordance with the current situation of their own research activities.However, China’s R&D activity statistical work starts too late,R&D accounting system has fallen far behind the newly international standard.The current domestic researches mainly concern about the input performance evaluation of R&D activities,the measurement method of R&D capital stock or the situation of other countries’satellite account establishment,while the establishment of China’s R&D satellite account is sedolm proposed.In order to adapt to the requirements of economic transformation and to accelerate the pace of integration with the international standard,we should establish our own R&D satellite account,build our own R&D accounting system and make the R&D investment activities work better in the central account of national economic accounting system.That’s exactly what this research work on.The paper contains five parts:The first part is introduction.It describes the background and significance of this research,literature review of current researches at home and abroad,the idea and framework of this research,the innovations and deficiencies of this paper.The second part is theories and realistic basis for R&D satellite account establishment.Related concepts about R&D accounting has been defined and analysed.Conceptions and functions of satellite account has been introduced,and a detail introduction about international standard and statistical specifications of R&D accounting has been given out and the situation of OECD member country’s R&D satellite account has also been introduced,which provides references for China’s R&D satellite establishment.The third part is the theory and practice of China’s R&D satellite account establishment. This chapter is the most important part of this paper. First,principles for China’s R&D satellite account establishment have been stressed. Second,the tables and contents that China’s satellite account should cover has been analysed.Then,using the perpetual inventory method,R&D stock of capital from1995-2012has been calculated,which provide the basic data for the satellite account establishment.At last, based on the organized material,many tables have been established,including China’s R&D personnel expenditure table,China’s R&D expenditures table,China’s R&D expenditures of industrial uses table,China’s statistical R&D directly output table,China’s statistical R&D indirectly output table,China’s R&D funding income and spending balance table and so on.The fourth part is the existing problems of R&D satellite account establishment in China.Four aspects have been discussed, including that the basic data for R&D is not enough,and the classification of indicators is not detail enough,and accounting the R&D capital stock is difficult,and a complete R&D statistical Indicator system stays still to be done.The fifth part is summary,recommendations and prospects.According to the above,difficulties exiting in China’s R&D satellite account establishment have been summarized. Recommendations about building the basic data collection system for R&D accounting have been proposed.