Research and development activities are a significant indicator of innovativeness, growth, and competitiveness. The R & D footprint highlights the societal and economic added value created by R & D activities. All these activities are considered as an independent production process for the creation of intellectual capital and not only as a pure cost factor.
Model for research-intensive companies
This model is used by research-intensive companies to highlight the impact of R & D activities on economic growth and the labor market. The analysis is based on company-specific data and official macroeconomic statistics.
Our research methodology categorizes a company’s R & D expenditures into macroeconomic groupings according to official guidelines. Based on this calculation, a company-specific R & D satellite account is modeled. An input-output analysis also measures the economic spillover effects of the demand impulse of R & D production. This gives a holistic picture of the macroeconomic interdependence of R & D activities within an economy.
The results provide further arguments for dialogue with stakeholders and policymakers. The indicators show the impact of research and development in terms of contribution to GDP, making it directly comparable to the United Nations Sustainable Development Goals and the EU2020’s strategic objective of investing 3% of GDP in research and development. It also quantifies the true value of research and development for the economy by keeping the analysis within the current framework of the system of national accounts.
These innovative R & D metrics may not be available to competitors as they are indicators for reviewing a company’s strategic goals and for comparison with other industries.