Price Indexes for R and D Inputs, 1969–1983
Management Science · 1987 · Volume 33 · Issue 1
Abstract
This paper presents the first R and D price indexes based largely on actual prices and expenditures reported by firms. The results, based on a carefully designed sample of about 100 firms, show that the GNP deflator, which is used in the official government R and D statistics, has tended to underestimate the rate of inflation in R and D. For managerial and economic purposes, such as R and D budgeting and productivity studies, these indexes should be of widespread use.
Keywords
research and development, deflators, price indexes
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