| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w25599
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| 来源ID | Working Paper 25599
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| Household Innovation, R&D, and New Measures of Intangible Capital |
| Daniel Sichel; Eric von Hippel
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| 发表日期 | 2019-03-04
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| 出版年 | 2019
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| 语种 | 英语
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| 摘要 | Household R&D (or household innovation) is an important source of innovation that has to date been largely overlooked in research related to national accounts. Indeed, it is not currently counted as investment in the literatures on household production and human capital. This paper develops time series estimates of nominal investment, real investment, and real capital stocks for household R&D for product innovations in the United States. (We focus on product innovations because survey data on services innovations in the household sector are not yet available.) In the U.S., we find that household product R&D is significant. Our estimate of real investment in 2017 is $41 billion (2012 dollars). This is about half of what producers spend in R&D to develop new products for consumers – a sizable fraction. Our estimate of the real capital stock of household product R&D in 2017 is $233 billion. We conclude that household R&D is an important feature of household activity and, more generally, of the overall landscape of innovation. |
| 主题 | Macroeconomics
; Consumption and Investment
; Labor Economics
; Labor Supply and Demand
; Development and Growth
; Innovation and R&
; D
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| URL | https://www.nber.org/papers/w25599
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583273
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推荐引用方式
GB/T 7714 |
Daniel Sichel,Eric von Hippel. Household Innovation, R&D, and New Measures of Intangible Capital. 2019.
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文件名：
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w25599.pdf
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格式：
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Adobe PDF
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