Abstract: The effect of bringing R&D expenditure as part of capital formation into GDP accounting is nothing less than a technical revolution in the statistical theory. Due to various reasons, such as different levels of efficiency in the market and different data foundation, there are lots of technical details to be improved in the practice of R&D capital measurement. Taking R&D assets as the research object, referring to the discourses of capital services in the National Accounting System in the year of 2008, this paper makes full use of the existing data and materials to re-measure the inter-provincial R&D capital stock in China with the perpetual inventory method. Furthermore, it explicitly distinguishes between the productive R&D capital stock and the wealth R&D capital stock. The results of this study can provide the relative data and literature to the researches of the contribution of quantized capital to economic growth.

Key words: R&D; productive capital stock; wealth capital stock; inter-province