Annual transactions computed as nonresidential gross investment in research and development of nondepository institutions (unpublished BEA data) minus nonresidential gross investment of GSEs in research and development ( FOF series FA405013043). Annual transactions are converted to seasonally adjusted quarterly transactions by calculating the ratio of the above series to annual data on private domestic investment in research and development (a portion of NIPA, Table 1.1.5 Gross Domestic Product, line 12, Private domestic, Nonresidential, Intellectual property products); multiplied by quarterly data on private domestic investment in research and development (a portion of line 12, Private domestic, Nonresidential, Intellectual property products). Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Series has no levels.
Last edited on: 09/17/2013