A firm-level perspective on windows of opportunity

Elder Davy and Ulrich E. Hansen

Technology in Society, 2023, vol. 75, issue C

Abstract: The concept of windows of opportunity (WoO) has been put forward as a perspective for understanding industrial catching up in developing and emerging economies. A related, but separate literature (capability literature) has focused on the learning processes of developing country firms as they build technological capabilities. In this paper, we examine the insights that can be drawn from the capability literature in order to provide a more nuanced and micro-level perspective on WoO. Through a review of the capability literature, we highlight the intra-industry differences and capability-building trajectories of individual firms as they respond to technological, demand, and institutional WoO. The paper underscores the importance of devoting attention to firm-level differences to understand how these may influence firms' responses to WoO.

Keywords: Catching up; Technological capabilities; Windows of opportunity; Latecomer firms; Sectoral innovation systems; Review (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:75:y:2023:i:c:s0160791x23001793

DOI: 10.1016/j.techsoc.2023.102374

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