Because intangible assets are increasingly important components of the knowledge economy, the Bureau of Economic Analysis (BEA) is interested in expanding the available data for analysts to understand..
Because intangible assets are increasingly important components of the knowledge economy, the Bureau of Economic Analysis (BEA) is interested in expanding the available data for analysts to understand these intangibles' role in production and economic growth.
"Although R&D activities provide private and social benefits that can be long lasting, R&D expenditures are not currently recognized as investment in the national accounts of the US or other nations," notes the study. However, spending for R&D is more like investment than like current consumption because it uses resources to create a future stream of benefits that extends beyond the current period. "To the extent that the benefits of
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