Economics at your fingertips  

Determinants of profiting from innovation activities: Comparisons between technological leaders and latecomers

Mei-Chih Hu, Jin-Su Kang and Ching-Yan Wu

Technological Forecasting and Social Change, 2017, vol. 116, issue C, 223-236

Abstract: While the remarkable economic growth of the East Asian latecomers reflects the success of technological catching-up strategies, few researchers have explored the extent to which the profits of innovation have been created and managed in their social contexts and how those profits are secured differently from that of technological leaders. This pioneer study offers empirical evidence and insights by exploring how different rents (value) were secured within the existing global technological regime by technological leaders and by latecomers over the period 1990 to 2009. Our results demonstrate that technological regimes, including technological congruence and social capabilities, affect technological leaders and latecomers in different ways resulting in a relationship where the two play complementary roles. The accumulation and utilization of social capabilities are essential for developing state-of-the-art technologies and securing profit from innovations in the global market. The insights and implications for both technological leaders and latecomers are discussed and elaborated.

Keywords: Social capability; Innovation profit; Technological regime; East Asia; Technology trade (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2018-11-10
Handle: RePEc:eee:tefoso:v:116:y:2017:i:c:p:223-236