Technology Transformation, Innovation, and Digital Economy Development in Developing Countries A Systematic Literature Review
Main Article Content
Keywords
Digital Economy, Innovation, Technology, VOSviewer
Abstract
The COVID-19 pandemic is a gateway for businesses to develop technology and embrace digitalization to remain competitive. Various results stated the important role of innovation and technology transformation as potent weapons for survival in this evolving landscape. This research analyzes the role of technology and innovation, especially in developing countries, with few articles researching this field. A systematic literature review that examined 84 articles from reputable international journals was used, with a particular emphasis on developing countries. This research aimed to conduct a comprehensive analysis of existing literature by using the keywords “technology”, “innovation”, and “digital economy” to identify gaps and generate fresh insights. The articles were collected from ProQuest, Google Scholar, and Scopus search engines and imported into Mendeley software for analysis using VOSviewer. The visualization results showed that SMEs were the most frequently mentioned keyword with 41 occurrences. This research contributed by providing opportunities in the form of new paths and variables rarely used for further analysis. There were also implications for organizational management, both in profit and non-profit organizations, to enhance technological capabilities, thereby improving business efficiency and sustainability.
Downloads
Download data is not yet available.
References
Ahmed, J. U., Sharif, R., Islam, Q. T., & Ahmed, A. (2022). Harnessing emerging digital technologies: DataNet operations in eSwatini Cases. Journal of Information Technology Teaching, 12(1), 79–87. https://doi.org/10.1177/2043886921993136
Akberdina, V., Strielkowski, W., Linder, N., Kashirin, S., & Shmeleva, L. (2023). Information technology and digital sufficiency for building the sustainable circular economy. Energies, 16(3), 1–14. https://doi.org/10.3390/en16031399
Akkad, B. A., & Mouselli, S. (2023). Syrian SMEs in times of COVID-19 pandemic: Challenges, adaptation, and policy measures. Journal of Risk and Financial Management, 16(3), 1–16. https://doi.org/10.3390/jrfm16030142
Akulava, M., & Guerrero, M. (2022). Entrepreneurial gendered ambidexterity in Belarusian SMEs. Journal of Technology Transfer, 48, 1919–1944. https://doi.org/10.1007/s10961-022-09936-y
Al-Hakimi, M., Saleh, M. H., & Borade, D. B. (2021). Entrepreneurial orientation and supply chain resilience of manufacturing SMEs in Yemen: The mediating effects of absorptive capacity and innovation. Heliyon, 7, 1–12. https://doi.org/10.1016/j.heliyon.2021.e08145
Al-Mannaei, M., Al-Jayyousi, O., Mahmood, A., Dornberger, U., & Al-Jayousi, N. (2023). Evaluating innovation performance for financial technology within the national innovation system: A case study of the Kingdom of Bahrain. Entrepreneurial Business and Economics Review, 11(2), 185–199. https://doi.org/10.15678/EBER.2023.110210
Alawamleh, M., Francis, Y. H., & Alawamleh, K. J. (2023). Entrepreneurship challenges: The case of Jordanian start-ups. Journal of Innovation and Entrepreneurship, 12(1), 1–14. https://doi.org/10.1186/s13731-023-00286-z
Almatrodi, I., & Skoumpopoulou, D. (2023). Organizational routines and digital transformation: An analysis of how organizational routines impact digital transformation transition in a Saudi University. Systems, 11(5), 1–30. https://doi.org/10.3390/systems11050239
Almunawar, M. N., & Anshari, M. (2022). Customer acceptance of online delivery platform during the COVID-19 pandemic: The case of Brunei Darussalam. Journal of Science and Technology Policy Management. https://doi.org/10.1108/JSTPM-04-2022-0073
Alshaher, A., Alkhaled, H. R., & Mustafa, M. (2023). The impact of adoption of digital innovation dynamics in reduce work exhaustion in SMEs in developing countries: The case of cloud of things services. VINE Journal of Information and Knowledge Management Systems. https://doi.org/10.1108/VJIKMS-03-2022-0096
Amoah, J., Bruce, E., Shurong, Z., Bankuoru Egala, S., & Kwarteng, K. (2023). Social media adoption in SMEs sustainability: Evidence from an emerging economy. Cogent Business and Management, 10(1), 1–28. https://doi.org/10.1080/23311975.2023.2183573
Arman, H., & Al-Qudsi, S. (2022). A strategic framework to analyse the East Asian miracle within triple helix model – lessons for Kuwait. Journal of Science and Technology Policy Management. https://doi.org/10.1108/JSTPM-09-2021-0138
Bayudan-Dacuycuy, C., & Dacuycuy, L. B. (2022). Harnessing the potential of online marketplaces in the Philippines: Insights from the National Information and Communications Technology Household Survey. Asia and the Pacific Policy Studies, 9(3), 288–316. https://doi.org/10.1002/app5.365
Bellakhal, R., & Mouelhi, R. (2023). Digitalisation and firm performance: Evidence from Tunisian SMEs. International Journal of Productivity and Quality Management, 39(1), 42–65. https://doi.org/10.1504/IJPQM.2023.130872
Bianchi, C., & Machado, M. (2021). Innovation, work organization and knowledge sharing in Uruguayan firms. Technology Analysis & Strategic Management, 1–14. https://doi.org/10.1080/09537325.2022.2137397
Błaszczyk, M., Olszewska, K. M., & Wróblewski, M. (2023). Internationalisation of firms in the digital economy. Analysis of tenants of Polish technology parks. European Business Review, 35(2), 223–238. https://doi.org/10.1108/EBR-12-2021-0266
Bouzakhem, N., Farmanesh, P., Zargar, P., Ramadan, M., Baydoun, H., Daouk, A., & Mouazen, A. (2023). Rebuilding the workplace in the post-pandemic age through human capital development programs: A moderated mediation model. Administrative Sciences, 13(7), 1–19. https://doi.org/10.3390/admsci13070164
Budiarto, D. S., Prabowo, M. A., & Azman, N. B. (2023). Evaluating the important role of women in maintaining the sustainability of SMEs. Journal of Telecommunications and the Digital Economy, 11(2), 180–193. https://doi.org/10.18080/jtde.v11n2.664
Carlos, F. B. J., João, G. de C. F. M., Cláudia, H. M. M., Rodrigo, da S. S., & Michael, J. D. S. (2022). Influential aspects of knowledge sharing in the context of a marketplace platform during the Covid-19 pandemic: A Brazilian case study. International Journal of Innovation and Technology Management, 19(7). https://doi.org/10.1142/S0219877022500225
Carvache-Franco, O., Carvache-Franco, M., & Carvache-Franco, W. (2022). Barriers to Innovations and Innovative Performance of Companies: A Study from Ecuador. Social Sciences, 11(2), 1–17. https://doi.org/10.3390/socsci11020063
Casadella, V., & Tahi, S. (2021). Innovation policy for economic development: The difficult but promising adequacy in the case of Senegal. African Journal of Science, Technology, Innovation and Development, 14(6), 1520–1533. https://doi.org/10.1080/20421338.2021.1966971
Castella, J. C., Lestrelin, G., Phimmasone, S., Quoc, H. T., & Lienhard, P. (2022). The role of actor networks in enabling agroecological innovation: Lessons from Laos. Sustainability (Switzerland), 14(6), 1–18. https://doi.org/10.3390/su14063550
Chatterjee, S., Chaudhuri, R., Vrontis, D., & Basile, G. (2021). Digital transformation and entrepreneurship process in SMEs of India: a moderating role of adoption of AI-CRM capability and strategic planning. Journal of Strategy and Management, 15(3), 416–433. https://doi.org/10.1108/JSMA-02-2021-0049
Chemma, N. (2021). Disruptive innovation in a dynamic environment: A winning strategy? An illustration through the analysis of the yoghurt industry in Algeria. Journal of Innovation and Entrepreneurship, 10(1), 1–19. https://doi.org/10.1186/s13731-021-00150-y
Cvijić Čović, M., Borocki, J., Djaković, V., Vekić, A., & Okanović, A. (2023). Entrepreneurial strategic orientation: Prerequisite for SMEs success in IoT and digital transformation sphere? Systems, 11(6), 1–18. https://doi.org/10.3390/systems11060272
Daka, E., & Siad, S. A. (2021). Entrepreneurship and the innovation ecosystem policy: A case study in post-conflict Somalia. African Journal of Science, Technology, Innovation and Development, 14(2), 577–584. https://doi.org/10.1080/20421338.2021.1879349
Dumenu, W. K., Appiah, L. G., Paul, C., & Darr, D. (2023). Should forest enterprises formalize? Insight from a multi-dimensional characterization of informal baobab enterprises. Forest Policy and Economics, 150. https://doi.org/10.1016/j.forpol.2023.102935
Eton, M., Mwosi, F., Okello-Obura, C., Turyehebwa, A., & Uwonda, G. (2021). Financial inclusion and the growth of small medium enterprises in Uganda: Empirical evidence from selected districts in Lango sub-region. Journal of Innovation and Entrepreneurship, 10(1), 1–23. https://doi.org/10.1186/s13731-021-00168-2
Faasolo, M., & Sumarliah, E. (2022). Sustainability-oriented technology adoption in Tonga: The impact of Government’s incentives and internal factors. International Journal of Emerging Markets, 1–22. https://doi.org/10.1108/IJOEM-09-2021-1424
Flores-Hernández, E. R., Rodero-Cosano, M. L., & Perla-Cartagena, A. E. (2022). Complexity of family businesses in El Salvador: A structural equation model. Sustainability (Switzerland), 14(11), 1–19. https://doi.org/10.3390/su14116773
Gansonré, S., & Ouédraogo, S. A. (2022). Product market competition and management quality among small and medium-sized enterprises: Evidence from Burkina Faso. International Journal of the Economics of Business, 29(2), 161–182. https://doi.org/10.1080/13571516.2022.2088987
Grigorescu, A., Lincaru, C., Sigurjonsson, T. O., & Pîrciog, S. (2023). Regional digital resilience and the 4helix model—The higher education institutions’ case in Romania. Journal of Theoretical and Applied Electronic Commerce Research, 18(2), 928–958. https://doi.org/10.3390/jtaer18020048
Guang-lin, X., & Tao, M. (2022). How can management ability promote green technology innovation of manufacturing enterprises? Evidence from China. Frontiers in Environmental Science, 10, 1–17. https://doi.org/10.3389/fenvs.2022.1051636
Hart, M. C. G., Eckhoff, S., & Breitner, M. H. (2022). Accessible decision support for sustainable energy systems in developing countries. Energy Informatics, 5(1), 1–22. https://doi.org/10.1186/s42162-022-00255-y
Justino, M. V., Tengeh, R. K., & Twum-Darko, M. (2022). A revised technology–organisation–environment framework for Brick-and-Mortar retailers adopting m-commerce. Journal of Risk and Financial Management, 15(7), 289–299. https://doi.org/10.3390/jrfm15070289
Kamdjoug, J. R. K. (2023). Change management and digital transformation project success in SMEs located in the Democratic Republic of the Congo. Journal of Enterprise Information Management. https://doi.org/10.1108/JEIM-09-2022-0340
Kaondera, P. R., Chikazhe, L., Munyimi, T. F., & Nyagadza, B. (2023). Buttressing customer relationship management through digital transformation: perspectives from zimbabwe’s commercial banks. Cogent Social Sciences, 9(1), 1–19. https://doi.org/10.1080/23311886.2023.2191432
Khodaparasti, R. B., & Garabollagh, H. B. (2023). Examining circular economy practices and sustainability performance in knowledge-based companies in Iran. Amfiteatru Economic, 25(62), 196–212. https://doi.org/10.24818/EA/2023/62/196
Kshetri, N. (2021). The role of artificial intelligence in promoting financial inclusion in developing countries. Journal of Global Information Technology Management, 24(1), 1–6. https://doi.org/10.1080/1097198X.2021.1871273
Kurmanov, N., Niyazov, M., Tolysbayev, B., Kirdasinova, K., Mukhiyayeva, D., Baidakov, A., Syrlybayeva, N., Satbayeva, A., Aliyev, U., & Seitzhanov, S. (2022). Digital divide of resource-based (oil and gas) and service-dominated regions. Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 1–24. https://doi.org/10.3390/joitmc8040184
Larisa, M., Eugenia, B., & Liliana, S. (2022). The credit market for small and medium enterprises in the Republic of Moldova. Managing Risk and Decision Making in Times of Economic Distress, 109–130. https://doi.org/10.1108/S1569-37592022000108B036
Lim, S. S., Sonko, L. K., & Cham, E. (2022). Exploring the supportive factors and inhibitors to the growth propensity of women-owned MSMEs in the Gambia. Technology Analysis & Strategic Management. https://doi.org/10.1080/09537325.2022.2035348
Lontchi, C. B., Yang, B., & Shuaib, K. M. (2023). Effect of financial technology on SMEs performance in Cameroon amid COVID-19 recovery: The mediating effect of financial literacy. Sustainability (Switzerland), 15(3), 1–15. https://doi.org/10.3390/su15032171
Mahmutaj, L. R., Rocheska, S., & Krasniqi, B. A. (2021). Complementary relationship between types of innovation in SMEs: The context of Kosovo. International Journal of Entrepreneurship and Small Business, 43(2), 252–286. https://doi.org/10.1504/ijesb.2021.10038152
Metawa, N., Elhoseny, M., & Mutawea, M. (2021). The role of information systems for digital transformation in the private sector: A review of Egyptian SMEs. African Journal of Economic and Management Studies, 13(3), 468–479. https://doi.org/10.1108/AJEMS-01-2021-0037
Mishrif, A., & Khan, A. (2022). Causal analysis of company performance and technology mediation in small and medium enterprises during COVID-19. Journal of the Knowledge Economy, 14, 4730–4753. https://doi.org/10.1007/s13132-022-01064-0
Mohan, P., Strobl, E., & Watson, P. (2021). Innovation, market failures and policy implications of KIBS firms: The case of Trinidad and Tobago’s oil and gas sector. Energy Policy, 153, 1–63. https://doi.org/10.1016/j.enpol.2021.112250
Naicker, V., & Nsengimana, S. (2023). The effect of Covid-19 on SME’s and the use of digitisation strategies for economic recovery in Kigali. International Journal of Entrepreneurship, 26(s1), 1–14. https://www.researchgate.net/publication/357889776
Nan, W., & Park, M. (2022). Improving the resilience of SMEs in times of crisis: The impact of mobile money amid Covid‐19 in Zambia. Journal of International Development, 34(4), 697–714. https://doi.org/10.1002/jid.3596
Nguyen, T. H., Le, X. C., & Vu, T. H. L. (2022). An extended technology-organization-environment (TOE) framework for online retailing utilization in digital transformation: Empirical evidence from Vietnam. Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 1–22. https://doi.org/10.3390/joitmc8040200
Omar, H. F. H., & Elmansori, M. M. (2021). An empirical analysis investigating the adoption of e-commerce in Libyan small-medium enterprises. International Journal of Business Information Systems, 37(1), 106–123. https://doi.org/10.1504/IJBIS.2021.115065
Osorno-Hinojosa, R., Koria, M., & Ramírez-Vázquez, D. D. C. (2022). Open innovation with value co-creation from university–industry collaboration. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 1–16. https://doi.org/10.3390/joitmc8010032
Othman, A., Al Mutawaa, A., Al Tamimi, A., & Al Mansouri, M. (2023). Assessing the readiness of government and semi-government institutions in Qatar for inclusive and sustainable ICT accessibility: introducing the MARSAD tool. Sustainability (Switzerland), 15(4), 1–25. https://doi.org/10.3390/su15043853
Oubrahim, I., Sefiani, N., & Happonen, A. (2023). The influence of digital transformation and supply chain integration on overall sustainable supply chain performance: An empirical analysis from manufacturing companies in Morocco. Energies, 16(2), 1–24. https://doi.org/10.3390/en16021004
Pasciaroni, C., Leonardi, V., & Elias, S. (2022). Innovation in Smaller Hotels in Argentina before and after the COVID-19 Pandemic. Academica Turistica, 15(3), 363–379. https://doi.org/10.26493/2335-4194.15.363-379
Pea-Assounga, J. B. B., & Yao, H. (2021). The mediating role of employee innovativeness on the nexus between internet banking and employee performance: Evidence from the Republic of Congo. Mathematical Problems in Engineering, 1–20. https://doi.org/10.1155/2021/6610237
Pierre, S. L. J., Vergara, R. I. C., & Hellen, L. V. (2022). Effects of the use of digital technologies on the performance of firms in a developing country: Are there differences between creative and manufacturing industries? International Journal of Information Systems and Project Management, 10(1), 73–91. https://doi.org/10.12821/ijispm100104
Pilav-Velic, A., & Hatidza, J. (2021). The adoption of inbound open innovation practices in developing countries: empirical evidence from the manufacturing sector. European Journal of Innovation Management, 25(3), 774–790. https://doi.org/10.1108/EJIM-11-2020-0460
Polas, M. R. H., Afshar Jahanshahi, A., Kabir, A. I., Sohel-Uz-Zaman, A. S. M., Osman, A. R., & Karim, R. (2022). Artificial intelligence, blockchain technology, and risk-taking behavior in the 4.0IR metaverse era: Evidence from Bangladesh-based SMEs. Journal of Open Innovation: Technology, Market, and Complexity, 8(3), 1–24. https://doi.org/10.3390/joitmc8030168
Rajbhandari, S., Devkota, N., Khanal, G., Mahato, S., & Paudel, U. R. (2022). Assessing the industrial readiness for adoption of industry 4.0 in Nepal: A structural equation model analysis. Heliyon, 8(2), 1–11. https://doi.org/10.1016/j.heliyon.2022.e08919
Rodchenko, V., Rekun, G., Fedoryshyna, L., Roshchin, I., & Gazarian, S. (2021). The effectiveness of human capital in the context of the digital transformation of the economy: The case of Ukraine. Journal of Eastern European and Central Asian Research, 8(2), 202–213. https://doi.org/10.15549/jeecar.v8i2.686
Roopchund, R. (2023). Analysing institutional and government support for the development of Mauritian SMEs. International Journal of Entrepreneurship and Innovation Management, 27(1–2), 98–118. https://doi.org/10.1504/IJEIM.2023.129321
Sarfraz, M., Ye, Z., Dragan, F., Ivascu, L., & Artene, A. (2022). Digital transformation strategy and environmental performance: A case study. International Journal of Computers, Communications and Control, 17(6), 1–15. https://doi.org/10.15837/ijccc.2022.6.5029
Sastararuji, D., Hoonsopon, D., Pitchayadol, P., & Chiwamit, P. (2022). Cloud accounting adoption in Thai SMEs amid the COVID-19 pandemic: an explanatory case study. Journal of Innovation and Entrepreneurship, 11(1), 1–25. https://doi.org/10.1186/s13731-022-00234-3
Savuth, C., & Sothea, O. (2023). Digital transformation in Cambodia. Journal of Southeast Asian Economies, 40(1), 145–172. https://www.jstor.org/stable/27211228
Shamaki, H., Ibrahim, U. A., & Philemon, N. A. (2022). Evaluating the influence of digital technology on the performance of female-owned enterprises in Nigeria. Journal Women’s Entrepreneurship and Education, 2022(1–2), 39–60. https://doi.org/10.28934/jwee22.12.pp39-60
Shao, D., Mwangakala, H., Ishengoma, F., Mongi, H., Mambile, C., & Chali, F. (2022). Sustenance of the digital transformations induced by the COVID-19 pandemic response: Lessons from Tanzanian public sector. Global Knowledge, Memory and Communication, July. https://doi.org/10.1108/GKMC-11-2021-0186
Sharma, S., Singh, G., Islam, N., & Dhir, A. (2022). Why do SMEs adopt artificial intelligence-based chatbots? IEEE Transactions on Engineering Management, 71, 1773–1786. https://doi.org/10.1109/TEM.2022.3203469
Shkabatur, J., Bar-El, R., & Schwartz, D. (2022). Innovation and entrepreneurship for sustainable development: Lessons from Ethiopia. Progress in Planning, 160. https://doi.org/10.1016/j.progress.2021.100599
Sinatoko Djibo, B. O., Mensah Horsey, E., & Zhao, S. (2022). Government institutional support and eco-innovation: The moderating role of market performance in Benin’s industrial sector. Journal of Cleaner Production, 378, 134–189. https://doi.org/10.1016/j.jclepro.2022.134598
Smidt, H. J., & Jokonya, O. (2022). Towards a framework to implement a digital agriculture value chain in South Africa for small-scale farmers. Journal of Transport and Supply Chain Management, 16, 1–20. https://doi.org/10.4102/jtscm.v16i0.746
Ssemugenyi, F., & Nuru Seje, T. (2021). A decade of unprecedented e-learning adoption and adaptation: Covid-19 revolutionizes teaching and learning at Papua New Guinea University of Technology (PNGUoT): “Is it a wave of change or a mere change in the wave?” Cogent Education, 8(1), 1–28. https://doi.org/10.1080/2331186X.2021.1989997
Stojanovska-Georgievska, L., Sandeva, I., Krleski, A., Spasevska, H., Ginovska, M., Panchevski, I., Ivanov, R., Arnal, I. P., Cerovsek, T., & Funtik, T. (2022). BIM in the center of digital transformation of the construction sector—The status of BIM adoption in North Macedonia. Buildings, 12(2), 1–25. https://doi.org/10.3390/buildings12020218
Sumo, P. D., Ji, X., & Cai, L. (2022). Efficiency evaluation and loan assessment of fashion upcyclers in Liberia using fuzzy, DEA and FIS models. Research Journal of Textile and Apparel, 27(3). https://doi.org/10.1108/RJTA-07-2022-0082
Teoh, M. F., Ahmad, N. H., Abdul-Halim, H., & Kan, W. H. (2023). Digital business model innovation among small and medium-sized enterprises (SMEs). Global Business and Organizational Excellence, 14(3s), 412–433. https://doi.org/10.1002/joe.22200
Thathsarani, U. S., & Jianguo, W. (2022). Do digital finance and the technology acceptance model strengthen financial inclusion and SME performance? Information (Switzerland), 13(8), 1–17. https://doi.org/10.3390/info13080390
Tuychiev, S. (2022). Factors influencing the competitiveness of SMEs in Uzbekistan. Science and Innovation, 1(4), 110–117. https://doi.org/10.5281/zenodo.6912081
Uleanya, C. (2023). Scholarly discourse of the fourth industrial revolution (4IR) and education in Botswana: A scoping review. Education and Information Technologies, 28, 3249–3265. https://doi.org/10.1007/s10639-022-11298-9
Ureña-Espaillat, H. J., Briones-Peñalver, A. J., Bernal-Conesa, J. A., & Córdoba-Pachón, J. R. (2022). Knowledge and innovation management in agribusiness: A study in the Dominican Republic. Business Strategy and the Environment, 32(4), 2008–2021. https://doi.org/10.1002/bse.3233
Uzkurt, C., Ekmekcioglu, E. B., Ceyhan, S., & Hatiboglu, M. B. (2023). Digital technology use of SMEs during the COVID-19 pandemic in Turkey: Mobile applications’ role on motivation and job performance. Kybernetes. https://doi.org/10.1108/K-08-2022-1189
Valdez-Juárez, L. E., Castillo-Vergara, M., & Ramos-Escobar, E. A. (2022). Innovative business strategies in the face of COVID-19: An approach to open innovation of SMEs in the Sonora Region of Mexico. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 1–24. https://doi.org/10.3390/joitmc8010047
Valiyev, A., Rustamov, F. V. O., Huseynova, R. A., Orujova, M. sattarqizi, & Musayeva, S. N. (2022). The digitalization effectiveness as an innovative factor development of the agriculture in Azerbaijan. Journal of Eartern European and Central Asian Research, 9(2), 194–205. https://doi.org/10.15549/jeecar.9i2.902
Vila, A. A. (2022). Small and medium enterprises in Bolivia, a look back to the future, 1900 - 2020. Journal of Evolutionary Studies in Business, 7(1), 87–120. https://doi.org/10.1344/jesb2022.1.j100
Zapata, I. E. T., & Orellana, O. V. (2022). Chilean Public Policies and their Impact on Biotechnology Small and Medium Enterprises. Journal of Evolutionary Studies in Business, 7(1), 204–237. https://doi.org/10.1344/jesb2022.1.j103
Akberdina, V., Strielkowski, W., Linder, N., Kashirin, S., & Shmeleva, L. (2023). Information technology and digital sufficiency for building the sustainable circular economy. Energies, 16(3), 1–14. https://doi.org/10.3390/en16031399
Akkad, B. A., & Mouselli, S. (2023). Syrian SMEs in times of COVID-19 pandemic: Challenges, adaptation, and policy measures. Journal of Risk and Financial Management, 16(3), 1–16. https://doi.org/10.3390/jrfm16030142
Akulava, M., & Guerrero, M. (2022). Entrepreneurial gendered ambidexterity in Belarusian SMEs. Journal of Technology Transfer, 48, 1919–1944. https://doi.org/10.1007/s10961-022-09936-y
Al-Hakimi, M., Saleh, M. H., & Borade, D. B. (2021). Entrepreneurial orientation and supply chain resilience of manufacturing SMEs in Yemen: The mediating effects of absorptive capacity and innovation. Heliyon, 7, 1–12. https://doi.org/10.1016/j.heliyon.2021.e08145
Al-Mannaei, M., Al-Jayyousi, O., Mahmood, A., Dornberger, U., & Al-Jayousi, N. (2023). Evaluating innovation performance for financial technology within the national innovation system: A case study of the Kingdom of Bahrain. Entrepreneurial Business and Economics Review, 11(2), 185–199. https://doi.org/10.15678/EBER.2023.110210
Alawamleh, M., Francis, Y. H., & Alawamleh, K. J. (2023). Entrepreneurship challenges: The case of Jordanian start-ups. Journal of Innovation and Entrepreneurship, 12(1), 1–14. https://doi.org/10.1186/s13731-023-00286-z
Almatrodi, I., & Skoumpopoulou, D. (2023). Organizational routines and digital transformation: An analysis of how organizational routines impact digital transformation transition in a Saudi University. Systems, 11(5), 1–30. https://doi.org/10.3390/systems11050239
Almunawar, M. N., & Anshari, M. (2022). Customer acceptance of online delivery platform during the COVID-19 pandemic: The case of Brunei Darussalam. Journal of Science and Technology Policy Management. https://doi.org/10.1108/JSTPM-04-2022-0073
Alshaher, A., Alkhaled, H. R., & Mustafa, M. (2023). The impact of adoption of digital innovation dynamics in reduce work exhaustion in SMEs in developing countries: The case of cloud of things services. VINE Journal of Information and Knowledge Management Systems. https://doi.org/10.1108/VJIKMS-03-2022-0096
Amoah, J., Bruce, E., Shurong, Z., Bankuoru Egala, S., & Kwarteng, K. (2023). Social media adoption in SMEs sustainability: Evidence from an emerging economy. Cogent Business and Management, 10(1), 1–28. https://doi.org/10.1080/23311975.2023.2183573
Arman, H., & Al-Qudsi, S. (2022). A strategic framework to analyse the East Asian miracle within triple helix model – lessons for Kuwait. Journal of Science and Technology Policy Management. https://doi.org/10.1108/JSTPM-09-2021-0138
Bayudan-Dacuycuy, C., & Dacuycuy, L. B. (2022). Harnessing the potential of online marketplaces in the Philippines: Insights from the National Information and Communications Technology Household Survey. Asia and the Pacific Policy Studies, 9(3), 288–316. https://doi.org/10.1002/app5.365
Bellakhal, R., & Mouelhi, R. (2023). Digitalisation and firm performance: Evidence from Tunisian SMEs. International Journal of Productivity and Quality Management, 39(1), 42–65. https://doi.org/10.1504/IJPQM.2023.130872
Bianchi, C., & Machado, M. (2021). Innovation, work organization and knowledge sharing in Uruguayan firms. Technology Analysis & Strategic Management, 1–14. https://doi.org/10.1080/09537325.2022.2137397
Błaszczyk, M., Olszewska, K. M., & Wróblewski, M. (2023). Internationalisation of firms in the digital economy. Analysis of tenants of Polish technology parks. European Business Review, 35(2), 223–238. https://doi.org/10.1108/EBR-12-2021-0266
Bouzakhem, N., Farmanesh, P., Zargar, P., Ramadan, M., Baydoun, H., Daouk, A., & Mouazen, A. (2023). Rebuilding the workplace in the post-pandemic age through human capital development programs: A moderated mediation model. Administrative Sciences, 13(7), 1–19. https://doi.org/10.3390/admsci13070164
Budiarto, D. S., Prabowo, M. A., & Azman, N. B. (2023). Evaluating the important role of women in maintaining the sustainability of SMEs. Journal of Telecommunications and the Digital Economy, 11(2), 180–193. https://doi.org/10.18080/jtde.v11n2.664
Carlos, F. B. J., João, G. de C. F. M., Cláudia, H. M. M., Rodrigo, da S. S., & Michael, J. D. S. (2022). Influential aspects of knowledge sharing in the context of a marketplace platform during the Covid-19 pandemic: A Brazilian case study. International Journal of Innovation and Technology Management, 19(7). https://doi.org/10.1142/S0219877022500225
Carvache-Franco, O., Carvache-Franco, M., & Carvache-Franco, W. (2022). Barriers to Innovations and Innovative Performance of Companies: A Study from Ecuador. Social Sciences, 11(2), 1–17. https://doi.org/10.3390/socsci11020063
Casadella, V., & Tahi, S. (2021). Innovation policy for economic development: The difficult but promising adequacy in the case of Senegal. African Journal of Science, Technology, Innovation and Development, 14(6), 1520–1533. https://doi.org/10.1080/20421338.2021.1966971
Castella, J. C., Lestrelin, G., Phimmasone, S., Quoc, H. T., & Lienhard, P. (2022). The role of actor networks in enabling agroecological innovation: Lessons from Laos. Sustainability (Switzerland), 14(6), 1–18. https://doi.org/10.3390/su14063550
Chatterjee, S., Chaudhuri, R., Vrontis, D., & Basile, G. (2021). Digital transformation and entrepreneurship process in SMEs of India: a moderating role of adoption of AI-CRM capability and strategic planning. Journal of Strategy and Management, 15(3), 416–433. https://doi.org/10.1108/JSMA-02-2021-0049
Chemma, N. (2021). Disruptive innovation in a dynamic environment: A winning strategy? An illustration through the analysis of the yoghurt industry in Algeria. Journal of Innovation and Entrepreneurship, 10(1), 1–19. https://doi.org/10.1186/s13731-021-00150-y
Cvijić Čović, M., Borocki, J., Djaković, V., Vekić, A., & Okanović, A. (2023). Entrepreneurial strategic orientation: Prerequisite for SMEs success in IoT and digital transformation sphere? Systems, 11(6), 1–18. https://doi.org/10.3390/systems11060272
Daka, E., & Siad, S. A. (2021). Entrepreneurship and the innovation ecosystem policy: A case study in post-conflict Somalia. African Journal of Science, Technology, Innovation and Development, 14(2), 577–584. https://doi.org/10.1080/20421338.2021.1879349
Dumenu, W. K., Appiah, L. G., Paul, C., & Darr, D. (2023). Should forest enterprises formalize? Insight from a multi-dimensional characterization of informal baobab enterprises. Forest Policy and Economics, 150. https://doi.org/10.1016/j.forpol.2023.102935
Eton, M., Mwosi, F., Okello-Obura, C., Turyehebwa, A., & Uwonda, G. (2021). Financial inclusion and the growth of small medium enterprises in Uganda: Empirical evidence from selected districts in Lango sub-region. Journal of Innovation and Entrepreneurship, 10(1), 1–23. https://doi.org/10.1186/s13731-021-00168-2
Faasolo, M., & Sumarliah, E. (2022). Sustainability-oriented technology adoption in Tonga: The impact of Government’s incentives and internal factors. International Journal of Emerging Markets, 1–22. https://doi.org/10.1108/IJOEM-09-2021-1424
Flores-Hernández, E. R., Rodero-Cosano, M. L., & Perla-Cartagena, A. E. (2022). Complexity of family businesses in El Salvador: A structural equation model. Sustainability (Switzerland), 14(11), 1–19. https://doi.org/10.3390/su14116773
Gansonré, S., & Ouédraogo, S. A. (2022). Product market competition and management quality among small and medium-sized enterprises: Evidence from Burkina Faso. International Journal of the Economics of Business, 29(2), 161–182. https://doi.org/10.1080/13571516.2022.2088987
Grigorescu, A., Lincaru, C., Sigurjonsson, T. O., & Pîrciog, S. (2023). Regional digital resilience and the 4helix model—The higher education institutions’ case in Romania. Journal of Theoretical and Applied Electronic Commerce Research, 18(2), 928–958. https://doi.org/10.3390/jtaer18020048
Guang-lin, X., & Tao, M. (2022). How can management ability promote green technology innovation of manufacturing enterprises? Evidence from China. Frontiers in Environmental Science, 10, 1–17. https://doi.org/10.3389/fenvs.2022.1051636
Hart, M. C. G., Eckhoff, S., & Breitner, M. H. (2022). Accessible decision support for sustainable energy systems in developing countries. Energy Informatics, 5(1), 1–22. https://doi.org/10.1186/s42162-022-00255-y
Justino, M. V., Tengeh, R. K., & Twum-Darko, M. (2022). A revised technology–organisation–environment framework for Brick-and-Mortar retailers adopting m-commerce. Journal of Risk and Financial Management, 15(7), 289–299. https://doi.org/10.3390/jrfm15070289
Kamdjoug, J. R. K. (2023). Change management and digital transformation project success in SMEs located in the Democratic Republic of the Congo. Journal of Enterprise Information Management. https://doi.org/10.1108/JEIM-09-2022-0340
Kaondera, P. R., Chikazhe, L., Munyimi, T. F., & Nyagadza, B. (2023). Buttressing customer relationship management through digital transformation: perspectives from zimbabwe’s commercial banks. Cogent Social Sciences, 9(1), 1–19. https://doi.org/10.1080/23311886.2023.2191432
Khodaparasti, R. B., & Garabollagh, H. B. (2023). Examining circular economy practices and sustainability performance in knowledge-based companies in Iran. Amfiteatru Economic, 25(62), 196–212. https://doi.org/10.24818/EA/2023/62/196
Kshetri, N. (2021). The role of artificial intelligence in promoting financial inclusion in developing countries. Journal of Global Information Technology Management, 24(1), 1–6. https://doi.org/10.1080/1097198X.2021.1871273
Kurmanov, N., Niyazov, M., Tolysbayev, B., Kirdasinova, K., Mukhiyayeva, D., Baidakov, A., Syrlybayeva, N., Satbayeva, A., Aliyev, U., & Seitzhanov, S. (2022). Digital divide of resource-based (oil and gas) and service-dominated regions. Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 1–24. https://doi.org/10.3390/joitmc8040184
Larisa, M., Eugenia, B., & Liliana, S. (2022). The credit market for small and medium enterprises in the Republic of Moldova. Managing Risk and Decision Making in Times of Economic Distress, 109–130. https://doi.org/10.1108/S1569-37592022000108B036
Lim, S. S., Sonko, L. K., & Cham, E. (2022). Exploring the supportive factors and inhibitors to the growth propensity of women-owned MSMEs in the Gambia. Technology Analysis & Strategic Management. https://doi.org/10.1080/09537325.2022.2035348
Lontchi, C. B., Yang, B., & Shuaib, K. M. (2023). Effect of financial technology on SMEs performance in Cameroon amid COVID-19 recovery: The mediating effect of financial literacy. Sustainability (Switzerland), 15(3), 1–15. https://doi.org/10.3390/su15032171
Mahmutaj, L. R., Rocheska, S., & Krasniqi, B. A. (2021). Complementary relationship between types of innovation in SMEs: The context of Kosovo. International Journal of Entrepreneurship and Small Business, 43(2), 252–286. https://doi.org/10.1504/ijesb.2021.10038152
Metawa, N., Elhoseny, M., & Mutawea, M. (2021). The role of information systems for digital transformation in the private sector: A review of Egyptian SMEs. African Journal of Economic and Management Studies, 13(3), 468–479. https://doi.org/10.1108/AJEMS-01-2021-0037
Mishrif, A., & Khan, A. (2022). Causal analysis of company performance and technology mediation in small and medium enterprises during COVID-19. Journal of the Knowledge Economy, 14, 4730–4753. https://doi.org/10.1007/s13132-022-01064-0
Mohan, P., Strobl, E., & Watson, P. (2021). Innovation, market failures and policy implications of KIBS firms: The case of Trinidad and Tobago’s oil and gas sector. Energy Policy, 153, 1–63. https://doi.org/10.1016/j.enpol.2021.112250
Naicker, V., & Nsengimana, S. (2023). The effect of Covid-19 on SME’s and the use of digitisation strategies for economic recovery in Kigali. International Journal of Entrepreneurship, 26(s1), 1–14. https://www.researchgate.net/publication/357889776
Nan, W., & Park, M. (2022). Improving the resilience of SMEs in times of crisis: The impact of mobile money amid Covid‐19 in Zambia. Journal of International Development, 34(4), 697–714. https://doi.org/10.1002/jid.3596
Nguyen, T. H., Le, X. C., & Vu, T. H. L. (2022). An extended technology-organization-environment (TOE) framework for online retailing utilization in digital transformation: Empirical evidence from Vietnam. Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 1–22. https://doi.org/10.3390/joitmc8040200
Omar, H. F. H., & Elmansori, M. M. (2021). An empirical analysis investigating the adoption of e-commerce in Libyan small-medium enterprises. International Journal of Business Information Systems, 37(1), 106–123. https://doi.org/10.1504/IJBIS.2021.115065
Osorno-Hinojosa, R., Koria, M., & Ramírez-Vázquez, D. D. C. (2022). Open innovation with value co-creation from university–industry collaboration. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 1–16. https://doi.org/10.3390/joitmc8010032
Othman, A., Al Mutawaa, A., Al Tamimi, A., & Al Mansouri, M. (2023). Assessing the readiness of government and semi-government institutions in Qatar for inclusive and sustainable ICT accessibility: introducing the MARSAD tool. Sustainability (Switzerland), 15(4), 1–25. https://doi.org/10.3390/su15043853
Oubrahim, I., Sefiani, N., & Happonen, A. (2023). The influence of digital transformation and supply chain integration on overall sustainable supply chain performance: An empirical analysis from manufacturing companies in Morocco. Energies, 16(2), 1–24. https://doi.org/10.3390/en16021004
Pasciaroni, C., Leonardi, V., & Elias, S. (2022). Innovation in Smaller Hotels in Argentina before and after the COVID-19 Pandemic. Academica Turistica, 15(3), 363–379. https://doi.org/10.26493/2335-4194.15.363-379
Pea-Assounga, J. B. B., & Yao, H. (2021). The mediating role of employee innovativeness on the nexus between internet banking and employee performance: Evidence from the Republic of Congo. Mathematical Problems in Engineering, 1–20. https://doi.org/10.1155/2021/6610237
Pierre, S. L. J., Vergara, R. I. C., & Hellen, L. V. (2022). Effects of the use of digital technologies on the performance of firms in a developing country: Are there differences between creative and manufacturing industries? International Journal of Information Systems and Project Management, 10(1), 73–91. https://doi.org/10.12821/ijispm100104
Pilav-Velic, A., & Hatidza, J. (2021). The adoption of inbound open innovation practices in developing countries: empirical evidence from the manufacturing sector. European Journal of Innovation Management, 25(3), 774–790. https://doi.org/10.1108/EJIM-11-2020-0460
Polas, M. R. H., Afshar Jahanshahi, A., Kabir, A. I., Sohel-Uz-Zaman, A. S. M., Osman, A. R., & Karim, R. (2022). Artificial intelligence, blockchain technology, and risk-taking behavior in the 4.0IR metaverse era: Evidence from Bangladesh-based SMEs. Journal of Open Innovation: Technology, Market, and Complexity, 8(3), 1–24. https://doi.org/10.3390/joitmc8030168
Rajbhandari, S., Devkota, N., Khanal, G., Mahato, S., & Paudel, U. R. (2022). Assessing the industrial readiness for adoption of industry 4.0 in Nepal: A structural equation model analysis. Heliyon, 8(2), 1–11. https://doi.org/10.1016/j.heliyon.2022.e08919
Rodchenko, V., Rekun, G., Fedoryshyna, L., Roshchin, I., & Gazarian, S. (2021). The effectiveness of human capital in the context of the digital transformation of the economy: The case of Ukraine. Journal of Eastern European and Central Asian Research, 8(2), 202–213. https://doi.org/10.15549/jeecar.v8i2.686
Roopchund, R. (2023). Analysing institutional and government support for the development of Mauritian SMEs. International Journal of Entrepreneurship and Innovation Management, 27(1–2), 98–118. https://doi.org/10.1504/IJEIM.2023.129321
Sarfraz, M., Ye, Z., Dragan, F., Ivascu, L., & Artene, A. (2022). Digital transformation strategy and environmental performance: A case study. International Journal of Computers, Communications and Control, 17(6), 1–15. https://doi.org/10.15837/ijccc.2022.6.5029
Sastararuji, D., Hoonsopon, D., Pitchayadol, P., & Chiwamit, P. (2022). Cloud accounting adoption in Thai SMEs amid the COVID-19 pandemic: an explanatory case study. Journal of Innovation and Entrepreneurship, 11(1), 1–25. https://doi.org/10.1186/s13731-022-00234-3
Savuth, C., & Sothea, O. (2023). Digital transformation in Cambodia. Journal of Southeast Asian Economies, 40(1), 145–172. https://www.jstor.org/stable/27211228
Shamaki, H., Ibrahim, U. A., & Philemon, N. A. (2022). Evaluating the influence of digital technology on the performance of female-owned enterprises in Nigeria. Journal Women’s Entrepreneurship and Education, 2022(1–2), 39–60. https://doi.org/10.28934/jwee22.12.pp39-60
Shao, D., Mwangakala, H., Ishengoma, F., Mongi, H., Mambile, C., & Chali, F. (2022). Sustenance of the digital transformations induced by the COVID-19 pandemic response: Lessons from Tanzanian public sector. Global Knowledge, Memory and Communication, July. https://doi.org/10.1108/GKMC-11-2021-0186
Sharma, S., Singh, G., Islam, N., & Dhir, A. (2022). Why do SMEs adopt artificial intelligence-based chatbots? IEEE Transactions on Engineering Management, 71, 1773–1786. https://doi.org/10.1109/TEM.2022.3203469
Shkabatur, J., Bar-El, R., & Schwartz, D. (2022). Innovation and entrepreneurship for sustainable development: Lessons from Ethiopia. Progress in Planning, 160. https://doi.org/10.1016/j.progress.2021.100599
Sinatoko Djibo, B. O., Mensah Horsey, E., & Zhao, S. (2022). Government institutional support and eco-innovation: The moderating role of market performance in Benin’s industrial sector. Journal of Cleaner Production, 378, 134–189. https://doi.org/10.1016/j.jclepro.2022.134598
Smidt, H. J., & Jokonya, O. (2022). Towards a framework to implement a digital agriculture value chain in South Africa for small-scale farmers. Journal of Transport and Supply Chain Management, 16, 1–20. https://doi.org/10.4102/jtscm.v16i0.746
Ssemugenyi, F., & Nuru Seje, T. (2021). A decade of unprecedented e-learning adoption and adaptation: Covid-19 revolutionizes teaching and learning at Papua New Guinea University of Technology (PNGUoT): “Is it a wave of change or a mere change in the wave?” Cogent Education, 8(1), 1–28. https://doi.org/10.1080/2331186X.2021.1989997
Stojanovska-Georgievska, L., Sandeva, I., Krleski, A., Spasevska, H., Ginovska, M., Panchevski, I., Ivanov, R., Arnal, I. P., Cerovsek, T., & Funtik, T. (2022). BIM in the center of digital transformation of the construction sector—The status of BIM adoption in North Macedonia. Buildings, 12(2), 1–25. https://doi.org/10.3390/buildings12020218
Sumo, P. D., Ji, X., & Cai, L. (2022). Efficiency evaluation and loan assessment of fashion upcyclers in Liberia using fuzzy, DEA and FIS models. Research Journal of Textile and Apparel, 27(3). https://doi.org/10.1108/RJTA-07-2022-0082
Teoh, M. F., Ahmad, N. H., Abdul-Halim, H., & Kan, W. H. (2023). Digital business model innovation among small and medium-sized enterprises (SMEs). Global Business and Organizational Excellence, 14(3s), 412–433. https://doi.org/10.1002/joe.22200
Thathsarani, U. S., & Jianguo, W. (2022). Do digital finance and the technology acceptance model strengthen financial inclusion and SME performance? Information (Switzerland), 13(8), 1–17. https://doi.org/10.3390/info13080390
Tuychiev, S. (2022). Factors influencing the competitiveness of SMEs in Uzbekistan. Science and Innovation, 1(4), 110–117. https://doi.org/10.5281/zenodo.6912081
Uleanya, C. (2023). Scholarly discourse of the fourth industrial revolution (4IR) and education in Botswana: A scoping review. Education and Information Technologies, 28, 3249–3265. https://doi.org/10.1007/s10639-022-11298-9
Ureña-Espaillat, H. J., Briones-Peñalver, A. J., Bernal-Conesa, J. A., & Córdoba-Pachón, J. R. (2022). Knowledge and innovation management in agribusiness: A study in the Dominican Republic. Business Strategy and the Environment, 32(4), 2008–2021. https://doi.org/10.1002/bse.3233
Uzkurt, C., Ekmekcioglu, E. B., Ceyhan, S., & Hatiboglu, M. B. (2023). Digital technology use of SMEs during the COVID-19 pandemic in Turkey: Mobile applications’ role on motivation and job performance. Kybernetes. https://doi.org/10.1108/K-08-2022-1189
Valdez-Juárez, L. E., Castillo-Vergara, M., & Ramos-Escobar, E. A. (2022). Innovative business strategies in the face of COVID-19: An approach to open innovation of SMEs in the Sonora Region of Mexico. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 1–24. https://doi.org/10.3390/joitmc8010047
Valiyev, A., Rustamov, F. V. O., Huseynova, R. A., Orujova, M. sattarqizi, & Musayeva, S. N. (2022). The digitalization effectiveness as an innovative factor development of the agriculture in Azerbaijan. Journal of Eartern European and Central Asian Research, 9(2), 194–205. https://doi.org/10.15549/jeecar.9i2.902
Vila, A. A. (2022). Small and medium enterprises in Bolivia, a look back to the future, 1900 - 2020. Journal of Evolutionary Studies in Business, 7(1), 87–120. https://doi.org/10.1344/jesb2022.1.j100
Zapata, I. E. T., & Orellana, O. V. (2022). Chilean Public Policies and their Impact on Biotechnology Small and Medium Enterprises. Journal of Evolutionary Studies in Business, 7(1), 204–237. https://doi.org/10.1344/jesb2022.1.j103
Article Sidebar
Published
Mar 27, 2024
Article Details
How to Cite
Budiarto, D. S., & Nordin , N. (2024). Technology Transformation, Innovation, and Digital Economy Development in Developing Countries: A Systematic Literature Review. Journal of Telecommunications and the Digital Economy, 12(1), 148–171. https://doi.org/10.18080/jtde.v12n1.802
Issue
Section
Special Issue: Emerging Technologies and Innovation for Digital Economy and Transformation
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright Telecommunications Association Inc.
