Diewert, Erwin; Huang, Ning - Vancouver School of Economics - 2008
benefits of an R&D project in the context of a very simple intertemporal general equilibrium model and suggests that R …) expenditures be capitalized instead of being immediately expensed as in the present System of National Accounts 1993. An R&D … project creates a new technology, which in principle does not depreciate like a reproducible asset. A new technology is …