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Innovation Ecosystems in Hydrocarbon-Based Economies: Opportunities and Challenges

Author

Listed:
  • Ahmed Al-Sulaiti

    (College of Engineering, Qatar University, Doha P.O. Box 2713, Qatar)

  • Iman T. Madhoun

    (College of Engineering, Qatar University, Doha P.O. Box 2713, Qatar)

  • Galal M. Abdella

    (College of Engineering, Qatar University, Doha P.O. Box 2713, Qatar)

  • Hussein Al-Yafei

    (Chemical Engineering Department, College of Engineering and Technology, University of Doha for Science and Technology, Doha P.O. Box 24449, Qatar)

  • Abdel Magid Hamouda

    (College of Engineering, Qatar University, Doha P.O. Box 2713, Qatar)

Abstract

Innovation is rapidly growing and affecting various industries, including hydrocarbon processing. This study aims to conduct a comprehensive and organized review of the literature on innovation ecosystems and their performance within hydrocarbon-based economies. It will examine existing definitions of innovation ecosystems and related concepts and conduct an in-depth analysis of certain hydrocarbon-based economies and their Global Innovation Index (GII) development from 2011 to 2022. The term “innovation ecosystem” has gained considerable attention from scholars and practitioners over the past fifteen years. Despite the proliferation of research in this area, there are concerns about its fragmented knowledge base. While previous reviews have highlighted the theoretical connections between innovation ecosystems and related concepts, there is still a need for a more comprehensive understanding of the current state of innovation ecosystem research. This study used a systematic literature review approach that combines bibliographic coupling and content analysis methods, drawing on over 40 studies to identify five streams of current innovation ecosystem research: Technology innovation, platform innovation ecosystems, regional development, innovation ecosystem conceptualization and theorization, and entrepreneurship and innovation. This study’s contribution lies in highlighting the specific elements that contribute to the development of an innovative economy based on hydrocarbons.

Suggested Citation

  • Ahmed Al-Sulaiti & Iman T. Madhoun & Galal M. Abdella & Hussein Al-Yafei & Abdel Magid Hamouda, 2023. "Innovation Ecosystems in Hydrocarbon-Based Economies: Opportunities and Challenges," Sustainability, MDPI, vol. 15(19), pages 1-12, September.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:19:p:14194-:d:1247661
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    References listed on IDEAS

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    1. Aitzhanova, Aktoty & Iskaliyeva, Anastassiya & Krishnaswamy, Venkataraman & Makauskas, Dmitry & Razavi, Hossein & Sartip, Ahmad Reza & Urazaliyeva, Aida, 2015. "A practical approach to oil wealth management: Application to the case of Kazakhstan," Energy Economics, Elsevier, vol. 47(C), pages 178-188.
    2. Granstrand, Ove & Holgersson, Marcus, 2020. "Innovation ecosystems: A conceptual review and a new definition," Technovation, Elsevier, vol. 90.
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    Cited by:

    1. Lina Pilelienė & Giedrius Jucevičius, 2023. "A Decade of Innovation Ecosystem Development: Bibliometric Review of Scopus Database," Sustainability, MDPI, vol. 15(23), pages 1-26, November.

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