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Definition: System of national accounts and R&D

Frascati Manual 1993

There is no definition of R&D in the SNA. It can be assumed that it is defined as in the Frascati Manual. The SNA draws on the latest version of the UN Classification of Economic Activities (ISIC Rev 3) (UN, 1990), where R&D is identified using a definition very similar to that in the Frascati Manual. Purely R&D financing activities are excluded as is R&D associated with teaching. While the most recent version of the SNA gives guidelines on the treatment of R&D, it does not systematically distinguish it in the accounts, particularly for firms that carry out R&D for own use. This is why satellite accounts are needed (see definition). <a href=""></a>
Organisation for Economic Co-operation and Development (OECD), "Main Definitions and Conventions for the Measurement of Research and Experimental Development (R&D). A Summary of the Frascati Manual 1993", OECD, Paris, 1994, Annex 11