How do emerging economy enterprises achieve technological catch-up? A dual-drive model of technological discontinuity and institution-driven markets

This article tries to demonstrate a new dual-factor explaining mechanism for why emerging economy enterprises could achieve technological catch-up under the situations of technological accumulation lacks, complex international environments and inferior social reputations. We select 259 firms from 37 industries as our sample to do empirical research and found that technological discontinuity is positively related with technological catch-up but not significantly, institution-driven markets positively affect the catch-up performance significantly. What is more, we find positively synergistic effect of technological discontinuity and institution-driven markets on catch-up performances. We expect our research could provide both theoretical and practical implications.