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Technological Catching-up and Latecomer Strategy: A Case Study of the Asian Shipbuilding Industry

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This paper investigates the role of imitation and innovation in technological catching-up. On the one hand, excessive innovation and no imitation can never provide latecomers with absorptive capacity to embark on catching-up along the existing technological trajectory. On the other hand, excessive imitation and no innovation can debilitate the ability of latecomer firms to leapfrog incumbents by creating a new trajectory and further reducing the technological gap. Thus, we argue that successful technological catching-up in the long term can hardly be achieved without a fine balance between imitation and innovation at the early stage of catching-up. We also propose that occurrence of technological uncertainty at the later stage of catching-up allows latecomers with such balance to realize radical technological leapfrogging. By conducting a case study on the shipbuilding industry in the 20th century, we find supporting evidence that validates our argument.

Abstract

This paper investigates the role of imitation and innovation in technological catching-up. On the one hand, excessive innovation and no imitation can never provide latecomers with absorptive capacity to embark on catching-up along the existing technological trajectory. On the other hand, excessive imitation and no innovation can debilitate the ability of latecomer firms to leapfrog incumbents by creating a new trajectory and further reducing the technological gap. Thus, we argue that successful technological catching-up in the long term can hardly be achieved without a fine balance between imitation and innovation at the early stage of catching-up. We also propose that occurrence of technological uncertainty at the later stage of catching-up allows latecomers with such balance to realize radical technological leapfrogging. By conducting a case study on the shipbuilding industry in the 20th century, we find supporting evidence that validates our argument.

참고문헌 (51)

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