5 May 2010

More investment in R and D 'essential' for NZ

3:08 pm on 5 May 2010

More investment in research and development is what will increase productivity in New Zealand, according to the Prime Minister's chief science adviser.

Sir Peter Gluckman says New Zealand spends only half a percent of its economic output on research and development funding - far below other comparable countries.

He has told two parliamentary select committees that investment in such funding is essential for a modern productive state.