NZ companies lift spending on R&D but still lag behind OECD average

Tue, 28 Mar 2017

By Rebecca Howard March 29 (BusinessDesk) - Increased spending by businesses helped boost New Zealand's total research and development expenditure 20 percent since 2014, but the country still lags behind the average for the Organisation for Economic Cooperation and Development. Total R&D expenditure hit $3.2 billion as businesses spent 29 percent more than they did in 2014, higher education invested 18 percent more and the government spent 5 percent more. The Statistics New Zealand survey is conducted every two years. According to Sta...

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