Definition: Research and Development

Category: Balance of Payments, Eurostat

Covers those services that are transacted between residents and non-residents and associated with basic research, applied research and experimental development of new products and processes. http://eur-lex.europa.eu/LexUriServ/site/en/oj/2005/l_035/l_03520050208en00230055.pdf
Source:
European Union, Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment (Official Journal of the European Union No L 35, 8.2.2005, p. 23 – 55)
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