• DOI:10.1002/TIE.21619
• Corpus ID: 154581897

Emerging Innovation in Emerging Economies: Can Institutional Reforms Help Russia Break Through Its Historical Barriers?

@article{McCarthy2014EmergingII,
  title={Emerging Innovation in Emerging Economies: Can Institutional Reforms Help Russia Break Through Its Historical Barriers?},
  author={Daniel J. McCarthy and Sheila M. Puffer and Loren Graham and Daniel M. Satinsky},
  journal={Thunderbird International Business Review},
  year={2014},
  volume={56},
  pages={243-260}
}

• D. J. McCarthy, Sheila M. Puffer, +1 author Daniel M. Satinsky
• Published 1 May 2014
• Economics
• Thunderbird International Business Review

This article investigates Russia's historical and current innovation initiatives through the lens of institutional theory, utilizing the triple-helix innovation model, which we have extended to include the context of Russian culture. The Russian government has embarked upon a national innovation policy and has committed billions of dollars with the goal of developing a knowledge-based economy to enhance participation in the global arena, while simultaneously diversifying away from energy and natural resources. Historically, Russia has typically not succeeded with innovation beyond the idea, and sometimes product development, stages. Our primary conclusion is that the inadequacy of formal and informal institutional support has created historical barriers in Russia, some of which are currently being addressed to develop an innovation ecosystem encompassing a more supportive institutional infrastructure. The article concludes with implications for US firms and universities involved with innovation activities in Russia. © 2014 Wiley Periodicals, Inc.