Glossary:Current innovation expenditures

Current innovation expenditures are composed of labour cost and other current costs:

• Labour costs comprise annual wages and salaries and all associated costs of fringe benefits such as bonus payments, holiday pay, contributions to pension funds and other social security payments, payroll taxes and so on. The labour costs of persons not involved in TPP innovation activities (such as security personnel and maintenance staff) should be excluded and considered with other current costs.

• Other current costs comprise non-capital purchases of materials, supplies, services and equipment to support TPP innovation activities performed by the firm in a given year.

Related concepts

• Capital innovation expenditures

Statistical data

• SDG 9 - Industry, innovation and infrastructure

Source

• OECD/Eurostat: Oslo Manual - The Measurement of Scientific and Technological Activities, Guidelines for collecting and interpreting innovation data, - Third Edition (2005)