Theoritical and Empirical Literature Review

  • Vivienne WangEmail author
  • Elias G. Carayannis
Part of the Innovation, Technology, and Knowledge Management book series (ITKM, volume 12)


The role of conventional innovation in achieving competitive advantage has been examined from the views of comparative and competitive advantage model, resource-based perspective, product life cycle, and internalization theories, such as transaction cost in developed countries (Chudnovsky et al. 2006). However, the ­relevance of incremental and adaptive innovation in escalating competitive position of a firm in a developing country has not been adequately studied (Chudnovsky et al. 2006). To develop the research framework, this study draws mainly from two interrelated fields: innovation model and comparative and competitive advantage model. It also derives relevant aspects from technological cycle, resource-based perspective, path-dependency theory, and sectoral innovation system.


Foreign Direct Investment Comparative Advantage Foreign Firm Innovative Activity Domestic Firm 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  1. 1.UNDP/UNFPANew YorkUSA
  2. 2.School of BusinessGeorge Washington UniversityWashingtonUSA

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