The preliminary R&D satellite account for the UK: a sensitivity analysis

Abstract

This article builds on previous work in Economic {&} Labour Market Review which treated expenditure on research and development as investment in an intangible scientific c asset, in line with proposed revisions to the System of National Accounts (SNA). The purpose of the analysis is to communicate to users the degree of sensitivity of the results previously presented to changes in the key assumptions. The analysis is part of a wider Office for National Statistics contribution to Organisation for Economic Co-operation and Development work updating the 1993 SNA, and was presented at the International Association for Research on Income and Wealth conference in Slovenia in August 2008.