Journal of Economic Surveys· 2015Q1· Review
THE CREATION AND DIFFUSION OF INNOVATION IN DEVELOPING COUNTRIES: A SYSTEMATIC LITERATURE REVIEW
- 314citations
- Q1SCImago
- 2015year
Short summary
Innovation in developing countries involves creating or adopting new ideas/technologies, with capacity embedded in geographical, socio-economic, political, and legal subsystems.
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Key points
- Innovation in developing countries is defined as the creation or adoption of new ideas and technologies.
- Innovation capacity is embedded within dynamics between geographical, socio-economic, political, and legal subsystems.
- The institutional context of developing countries critically influences the diffusion of innovations.
AI-generated from the title and abstract; the full text is not read.
Abstract
Abstract In this study, we review the literature on the creation and diffusion of innovation in the private sectors (industry and services) in developing countries. In particular, we collect evidence on what are the barriers to innovation creation and diffusion and the channels of innovation diffusion to and within developing countries. We find that innovation in developing countries is about creation or adoption of new ideas and technologies; but the capacity for innovation is embedded in and constituted by dynamics between geographical, socio‐economic, political and legal subsystems. We contextualize the findings from the review in the current theoretical framework of diffusion of innovations, and we emphasize how the institutional context typical of developing countries impacts the diffusion itself.
The authors' abstract, as published at the source. Journal of Economic Surveys, 2015 · DOI ↗
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Field: Business and International Management
Business and International ManagementBusiness, Management and Accounting