Price Indexes for R and D Inputs, 1969–1983

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.

• 저널Management Science · 33(1) · 124–129
• 토픽Economic Growth and Productivity · Economics and Econometrics
• DOI10.1287/mnsc.33.1.124
• 저자Edwin Mansfield