This paper presents a modified national accounting system tailored to a description of Research and Development (R&D)in the national economy. The main differences with the standard national accounts are some changes in the basic concepts (e.g. own-account production of R&D is considered as...

From a conceptual point of view, for most purposes net figures of Domestic Product and National Income are to be preferred to gross figures. Nevertheless, in practice gross figures are most often used on the ground of various arguments. In this paper, these arguments are challenged. To this end,...