Analysis Of Impact Of R&D Capitalization On Macroeconomic Variables

This paper uses R&D expenditures data of Jiangxi Province from the year2000to2011, discusses accounting method of R&D capital stock. On the basis of R&D stock accounting, analyses the effect of Capitalization of R&D on Macroeconomic Variables by the way of quantitative analysis.The results show that R&D capital stock of Jiangxi Province has been increased year by year.however, R&D capital formation grow before they fall, leads to the proportion of R&D capital formation of gross fixed capital formation and Gross Domestic Product is also presented to increase after falling trend, and The total R&D capital formation accounted for up to0.36%of the total regional production in Jiangxi province; View from the R&D three types of activities, basic research of capital stock has the minimum proportion, experimental development proportion increase obviously; View From R&D department, business department of R&D expenditure to total R&D spending proportion increasing, but the proportion of the total enterprise basic research is reducing rapidly, enterprises gradually reduces the R&D investment in basic research; The proportion of the total business sector R&D capital formation of the total R&D capital formation is maintained at more than70%.From the perspective of the national accounts, R&D capitalization caused by the nominal GDP growth rate by increased by0.03percentage point, real GDP growth rate decreased0.004percent, the investment rate increased by2.45percentage points, reduced consumption rate of19.7%, increase in total savings(Specific values can not be calculated because the relevant data are not available).In addition, the article also analyzes the R&D returns contribution to GDP, the distribution pattern of an inverted U-shaped, and the contribution rate of R&D growth rate of GDP is decreasing.Therefore, Jiangxi Province needs to increase R&D expenditures, pays attention to basic research expenditures, encourages the enthusiasm of corporate R&D development, and improves R&D investment performance, for the purpose of preventing R&D returns contribution to GDP rate from declining continually, and playing promotional impact of R&D capital on economic development. At the same time, establishes a sound R&D system of statistical index, improves the caliber of R&D statistics accounting, establishes R&D fixed asset accounting system, to make preparations for achieving international data comparable, establishing R&D satellite account as soon as possible.