The Evolution of Intellectual Property Products in the System of National Accounts: A Case Study of R&D Product

Abstract

The 21st century is an era of innovation. How to reflect the value of innovation in GDP has become the focus for all countries. Intellectual property in China has developed rapidly, adding its related products into GDP assets accounting scope can encourage and promote local and national economic development, as well as raising the innovation consciousness and awareness. China used to take the international standard SNA 1993 as national economic accounting system reference, based on the overall revision of China's national economic accounting system (2002), China is going to form the national economic accounting system (2016) which will take SNA-2008 as the standard. This article mainly take R&D products as example, analyzing the content and evolution of the national accounting system of intellectual property products at home and abroad, in order to provide a reference for better implementation for China’s GDP accounting system.

Keywords: intellectual property products, accounting system, domestic and foreign evolution, R&D products