Research for understanding and promoting innovation by small-and-medium sized firms in the least developed countries

Halla Thorsteinsdóttir and Nandinee Bandyopadhyay

Innovation and Development, 2025, vol. 15, issue 2, 417-441

Abstract: With a strong policy focus on small and medium-sized enterprises (SMEs) in the least developed countries (LDCs), there is a demand for information that can inform efforts to promote innovation, technological development and SME development. This paper presents results from a bibliometric analysis of publications on SME development in the LDCs. It was informed by different perspectives on how SME innovation occurs: mainstream emphasis on formal research and development and a framework emphasizing learning and organizational capabilities. The results show that there are low levels of research on SME development in the LDCs and generally there is limited coverage on topics that can inform SME innovation and technological development in SMEs. Our findings highlight the need for further research on SME development in LDCs that is informed by a wide perspective of what innovation and technological development are in these countries and can guide policy efforts.

Date: 2025
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DOI: 10.1080/2157930X.2024.2375485

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