1. Handbook on Deriving Capital Measures of Intellectual Property Products Working Party on National Accounts 3-5 October 2007 Charles Aspden, OECD

2. HMIP - Purpose Companion to 1993 SNA Rev.1 Provide guidelines for compiling capital measures (GFCF, CFC and capital services) of intellectual property products: – R&D – Software and databases – Mineral exploration and evaluation – Entertainment, literary or artistic originals

3. HMIP – Background 1993 SNA Rev. 1 Inclusion of R&D output that meets the definition of the asset in the asset boundary. – Need to devise practical and effective means for its implementation Changes in treatment of licences to use and reproduce will impact on software GFCF. Change in treatment of databases

4. HMIP – Background Other changes Changes to BPM categories could impact on measurement of international trade in intellectual products. Changes to industry and commodity codes will also impact on measurement of flows. Particularly important for measuring supply of software.

5. HMIP – How and When Create OECD taskforce – Work in tandem with Eurostat TF Complete (first edition of) Handbook before the end of 2008. Further editions to follow if needed.

6. HMIP - Who OECD Secretariat takes editorial and publication responsibility OECD takes responsibility for drafting text on software & databases and R&D ABS drafting text for mineral exploration and evaluation. Report of Eurostat TF on entertainment, literary and artistic originals, 2003 to be the starting point of the text on entertainment, etc. As yet no author.

7. HMIPP Progress to date Canberra II meeting in May 2007 – First draft of software component, based on 2003 Software TF report. – Outline of R&D component – ABS paper on mineral exploration WPNA meeting – Second draft of software component – First draft of R&D component – More detailed ABS paper on mineral exploration

8. HMIPP Structure General approach to measuring capital of IIP – Asset boundary – Summary of different approaches to measuring GFCF – Demand-side – Supply-side – Prices and volumes – Capital stock, CFC and capital services

9. HMIPP Structure – cont. Software and databases, R&D, Mineral exploration, Entertainment, etc. follow similar structure, but with specific guidelines.

10. Software and database issues Dealing with the impact of changes to the SNA, BPM categories and industry and commodity classifications Refinements or amendments to TF recommendations based on experience since 2003

11. R&D issues – Transforming survey data conducted as per the Frascati Manual to compile estimates of R&D GFCF – Changes to the surveys to better meet SNA needs – Data from other sources: imports – Implementation of asset boundary in practice – Avoiding double counting with other asset types – Prices and volumes Deriving pseudo output price indexes? – Capital stock, etc Service lives

12. HMIIP Any comments on HMIIP? – Objectives – Timing – Process – Content – Structure – ?