680
Views
3
CrossRef citations to date
0
Altmetric
Original Articles

Catching-up with supermajors: the technology factor in building the competitive power of national oil companies from developing economies

ORCID Icon

References

  • Abramovitz, M. 1986. “Catching-up, Forging Ahead and Falling behind.” Journal of Economic History 46 (2): 385–406.10.1017/S0022050700046209
  • Agnihotri, G. 2015. “A Closer Look at the World’s 5 Biggest Oil Companies.” Oil Price, April 21. Accessed April 18. http://oilprice.com/Energy/Crude-Oil/A-Closer-Look-At-The-Worlds-5-Biggest-Oil-Companies.html.
  • Aissaoui, A. 2011. “Reader’s Forum – Shifting Business Models and Changing Relationship Expectations of IOCs, NOCs and OFSCs.” APICORP Economic Commentary 6 (8): 1–3.
  • Amighini, A., R. Rabellotti, and M. Sanfilippo. 2012. “The Outward FDI from Developing Country MNEs as a Channel for Technological Catch-up.” In Innovation, Global Change and Territorial Resilience, edited by P. Cooke, M. D. Parrilli and J. L. Curbelo, 215–229,Cheltenham: Edward Elgar Publishing Limited.
  • Amsden, A. 1989. Asia’s Next Giant: South Korea and Late Industrialization. Oxford: Oxford University Press.
  • Amsden, A. 2001. The Rise of the Rest: Challenges to the West from Late-Industrialising Economies. New York: Oxford University Press.10.1093/0195139690.001.0001
  • Andrews, P., J. Playfoot, and S. Augustus. 2017. Education and Training for the Oil and Gas Industry: Localising Oil and Gas Operations. Amsterdam: Elsevier.
  • Ang, J., and D. Ding. 2006. “Government Ownership and the Performance of Government-Linked Companies: The Case of Singapore.” Journal of Multinational Financial Management. 16 (1): 64–88.10.1016/j.mulfin.2005.04.010
  • Bagheri, S. K., and A. Di Minin. 2015. “The Changing Competitive Landscape of the Global Upstream Petroleum Industry.” Journal of World Energy Law and Business 8 (1): 1–19.10.1093/jwelb/jwu036
  • Baker Institute. 2007. The Changing Role of National Oil Companies in International Energy Markets. Policy Report 35, the James a. Baker III Institute for Public Policy, Houston: Rice University.
  • Ban, C. 2013. “Brazil’s Liberal Neo-Developmentalism: New Paradigm or Edited Orthodoxy.” Review of International Political Economy 20 (2): 298–331.10.1080/09692290.2012.660183
  • Bell, M., and P. N. Figueiredo. 2012. “Innovation Capability Building and Learning Mechanisms in Latecomer Firms: Recent Empirical Contributions and Implications for Research.” Canadian Journal of Development Studies 33 (1): 14–40.10.1080/02255189.2012.677168
  • Belloc, F. 2014. “Innovation in State-owned Enterprises: Reconsidering the Conventional Wisdom.” Journal of Economic Issues 48 (3): 821–848.10.2753/JEI0021-3624480311
  • Bernier, L. 2011. “The Future of Public Enterprises: Perspectives from the Canadian Experience.” Annals of Public and Cooperative Economics 82 (4): 399–419.10.1111/j.1467-8292.2011.00443.x
  • Bernier, L. 2014. “Public Enterprises as Policy Instruments: The Importance of Public Entrepreneurship.” Journal of Economic Policy Reform 17 (3): 253–266.10.1080/17487870.2014.909312
  • Boeing, P., E. Mueller, and P. Sandner. 2016. “China’s R&D Explosion – Analyzing Productivity Effects across Ownership Types and over Time.” Research Policy 45 (1): 159–176.10.1016/j.respol.2015.07.008
  • BP. 2013. “Improving Oil Recovery Factor.” BP Magazine, October. http://www.bp.com/en/global/corporate/bp-magazine/innovations/the-recovery-factor.html.
  • Brooks, A. 2015. More Thoughts on the Restructuring of the Oil Industry. http://oilpro.com/post/11620/more-thoughts-restructuring-oil-industry.
  • Chang, H.-J. 1994. The Political Economy of Industrial Policy. New York: St. Martin Press.
  • Chen, G., M. Firth, and L. Xu. 2009. “Does the Type of Ownership Control Matter? Evidence from China’s Listed Companies.” Journal of Banking & Finance 33 (1): 171–181.10.1016/j.jbankfin.2007.12.023
  • Chen, V. Z., J. Li, D. M. Shapiro, and X. Zhang. 2014. “Ownership Structure and Innovation: An Emerging Market Perspective.” Asia Pacific Journal of Management. 31 (1): 1–24.10.1007/s10490-013-9357-5
  • Cimoli, M., G. Dosi, and J. E. Stiglitz. 2009. “The Political Economy of Capabilities Accumulation: The past and Future of Policies for Industrial Development.” In Industrial Policy and Development – The Political Economy of Capital Accumulation, edited by M. Cimoli, G. Dosi and J. E. Stiglitz, 1–38. New York: Oxford University Press.
  • Curutchet, A. S.2014. “Five Theoretical Reasons in Defense of State-Owned Enterprises.” In Reorienting Development: State-Owned Enterprises in Latin America and the World, edited by D. Chavez and S. Torres. 47–70. Amsterdam: Transnational Institute.
  • Dahlman, C., L. E. Westphal, and L. Kim. 1985. “Reflections on Acquisition of Technological Capability.” In International Technology Transfer: Concepts, Measures and Comparisons, edited by N. Rosenberg and C.Frischtak, 167–221.New York: Praeger.
  • Dantas, E., and M. Bell. 2009. “Latecomer Firms and the Emergence and Development of Knowledge Networks: The Case of Petrobras in Brazil.” Research Policy 38 (5): 829–844.10.1016/j.respol.2009.01.007
  • Deloitte. 2013. Oil and Gas Reality Check 2013: A Look at the Top Issues Facing the Oil and Gas Sector. London: Deloitte Touche Tomatsu Limited.
  • Deloitte. 2016. Work in Progress: How Can Business Models Adapt to Evolving LNG Market. New York: Deloitte Development LLC.
  • Duey, R. 2016. “The Need for Transformation.” E&P Magazine, December 1. http://www.epmag.com/need-transformation-1449016#p=1.
  • Ede, S. 2015. “Need for New Ideas, Even in a Time of Tight Cash.” Oil + Gas Monitor, May 22, 2015. Accessed April 18. http://www.oilgasmonitor.com/need-for-new-ideas-even-in-a-time-of-tight-cash/.
  • EU. 2016. The 2016 EU Industrial R&D Investment Scoreboard. Luxembourg: European Union.
  • EY. 2017. From Volume to Value: The Transformation of National Oil Companies. New York: EYGM Limited.
  • Freund, E. M. 2001. “Fizz, Froth, Flat: The Challenge of Converting China's SOEs into Shareholding Corporations.” Policy Studies Review 18 (1): 96–111.10.1111/ropr.2001.18.issue-1
  • Gabriele, A., and H. Khan. 2010. Enhancing Technological Progress in a Market-Socialist Context: China’s National Innovation System at the Crossroads. Berlin: LAP, Lambert Academic Publishing.
  • Gao, G. Y., J. Y. Murray, M. Kotabe, and J. Lu. 2010. “A ‘Strategy Tripod’ Perspective on Export Behaviors: Evidence from Firms Based in an Emerging Economy.” Journal of International Business Studies 41 (3): 377–396.10.1057/jibs.2009.27
  • Gerschenkron, A. 1962. Economic Backwardness in Historical Perspective. Cambridge, MA: Harvard University Press.
  • Germeraad, P., R. Khan, and D. Ravindranath. 2017. “Shifts in Big Oil Patent Landscape: Capturing Value from Intellectual Property for National Transformation.” Les Nouvelles – Journal of the Licencing Executives Society LII 1: 37–44.
  • Giachetti, C., and G. Marchi. 2017. “Successive Changes in Leadership in the Worldwide Mobile Phone Industry: The Role of Windows of Opportunity and Firms’ Competitive Action.” Research Policy. 46 (2): 352–364.10.1016/j.respol.2016.09.003
  • Grayson, L. E. 1981. National Oil Companies. Chichester: Wiley.
  • Hisham, N., R. Ahmed, and H. J. Ali Ahmed. 2008. “Government Ownership and Performance: Analysis of Listed Companies in Malaysia.” Corporate Ownership & Control. 6 (2): 434–442.
  • Hobday, M. 1995. Innovation in East Asia: The Challenge to Japan. Aldershot: Edward Elgar.
  • IHS. 2016. “Conventional Discoveries outside North America Continue Their Decline; 2015 Marked Lowest Year for Discovered Oil and Gas Volumes since 1952.” IHS Markit, May 13. Accessed April 18. http://blog.ihs.com/conventional-discoveries-outside-north-america-continue-their-decline.
  • Intarakumnerd, P., and T. Virasa. 2004. “Government Policies and Measures in Supporting Technological Capability Development of Latecomer Firms: A Tentative Taxonomy.” Journal of Technology Innovation 12 (2): 1–19.
  • Kim, L. 1997. Imitation to Innovation. Boston, MA: Harvard Business School Press.
  • Kim, L. 1980. “Stages of Development of Industrial Technology in a Developing Country: A Model.” Research Policy 9 (3): 254–277.
  • Kou, K., and H. Kroll. 2017. Innovation Output and State Ownership: Empirical Evidence from China’s Listed Firms. Karlsruhe: Fraunhofer ISI.
  • Lall, S. 1996. Learning from the Asian Tigers: Studies in Technology and Industrial Policy. London: MacMillan Press.10.1057/9780230389892
  • Landini, F., and F. Malerba. 2017. “Public Policy and Catching up by Developing Countries in Global Industries: A Simulation Model.” Cambridge Journal of Economics 41 (3): 927–960.10.1093/cje/bex017
  • Lee, K. 2005. “Making a Technological Catch‐up: Barriers and Opportunities.” Asian Journal of Technology Innovation 13 (2): 97–131.10.1080/19761597.2005.9668610
  • Lee, J., Z. Bae, and D. Choi. 1988. “Technology Development Process: A Model for a Developing Country with a Global Perspective.” R&D Management 18 (3): 225–250.
  • Lee, K., and C. Lim. 2001. “Technological Regimes, Catching-up and Leapfrogging: The Findings from Korean Industries.” Research Policy 30 (3): 459–483.10.1016/S0048-7333(00)00088-3
  • Lee, K., and J.-H. Ki. 2017. “Rise of Latecomers and Catch-up Cycles in the World Steel Industry.” Research Policy 46 (2): 365–375.10.1016/j.respol.2016.09.010
  • Lee, K., and F. Malerba. 2017. “Changes in the Industry Leadership and Catch-up by the Latecomers: Windows of Opportunity and Responses of Firms and Countries in the Evolution of Sectoral Systems.” Research Policy 46 (2): 338–351.10.1016/j.respol.2016.09.006
  • Leis, J., J. McCreery, and J. C. Gay. 2012. National Oil Companies Reshape the Playing Field. New York: Bain & Co.
  • Li, P. P. 2012. Disruptive Innovation by Emerging Multinational Latecomers: The Mechanisms Underlying the Trajectories of Catching-up and Leapfrogging. Copenhagen: Copenhagen Business School.
  • Lim, C., Y. Kim, and K. Lee. 2017. “Changes in Industrial Leadership and Catch-up by Latecomers in Shipbuilding Industry.” Asian Journal of Technology Innovation 25 (1): 61–78.10.1080/19761597.2017.1302537
  • Lima-de-Oliveira, R. 2016. “The Fate of Brazil’s Petrobras.” Georgetown Journal of International Affairs, June 20. Accessed April 18. http://journal.georgetown.edu/the-fate-of-brazils-petrobras/.
  • Little, Arthur D. 2016. The NOC Technology & Innovation Management Challenge. Amsterdam: Arthur D. Little.
  • Lloyd’s. 2014. The Lloyd’s Register Energy: Oil and Gas Technology Radar 2014. London: Lloyd’s.
  • Markwell, P., J. Pettit, A. Swanson, and J. Thomas. 2014. The New Frontier for National Oil Companies. London: IHS.
  • Marcel, V. 2006. Oil Titans: National Oil Companies in the Middle East. Washington, DC: Brookings Institution Press.
  • Marcel, V. 2016. The Cost of an Emerging National Oil Company. London: The Royal Institute of International Affairs, Chatham House.
  • Malerba, F. 2004. Sectoral Systems of Innovation: Concepts, Issues and Analyses of Six Major Sectors in Europe. Cambridge: Cambridge University Press.10.1017/CBO9780511493270
  • Mathews, J. A. 2002. “Competitive Advantages of the Latecomer Firm: A Resource-based Account of Industrial Catch-up Strategies.” Asia Pacific Journal of Management 19 (4): 467–488.10.1023/A:1020586223665
  • Mathews, J. A. 2006. “Dragon Multinationals: New Players in 21st Century Globalization.” Asia Pacific Journal of Management 23 (1): 5–27.10.1007/s10490-006-6113-0
  • McPheson, C. 2003. National Oil Companies- Evolution, Issues, Outlook. Washington, DC: World Bank.
  • Mitchell, J., V. Marcel, and B. Mitchell. 2012. What Next for Oil and Gas Industry?. London: The Royal Institute of International Affairs, Chatham House.
  • Montes, M. F.2014. “The Role of State-owned Enterprises in Industrial Development.” In Reorienting Development: State-Owned Enterprises in Latin America and the World, edited by D. Chavez and S. Torres. 22–46. Amsterdam: Transnational Institute.
  • Muller, J. E. O. 2014. Dynamics of Innovation in PDVSA and the Creation of the Oil Studies University (UVH) in Venezuela. Tallinn: Tallinn University of Technology.
  • Musacchio, A., and S. G. Lazzarini. 2014. Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond. Cambridge, MA: Harvard University Press.10.4159/harvard.9780674419582
  • Nee, V., and S. Opper. 2012. Capitalism from Below: Markets and Institutional Change in China. Cambridge, MA: Harvard University Press.10.4159/harvard.9780674065390
  • OECD. 1992. Technology and Economy: The Key Relationships. Paris: OECD.
  • OECD. 2015. State-Owned Enterprises in the Development Process. Paris: OECD.
  • OECD. 2016. OECD Reviews of Innovation Policy: Malaysia 2016. Paris: OECD.
  • Pangalos, C. 2016. Local Content in the Oil and Gas Industry in Brazil: What Next?. Nesøya: Melim-McLeod Consulting. Accessed April 18. http://www.melim-mcleod.com/blank.
  • Peng, M. W., D. Y. Wang, and Y. Jiang. 2008. “An Institution-Based View of International Business Strategy: A Focus on Emerging Economies.” Journal of International Business Studies 39 (5): 920–936.10.1057/palgrave.jibs.8400377
  • Perez, C.1988. “New Technologies and Development.” In Small Countries Facing Technology Revolution, edited by C. Freeman and B. Lundvall, 88–97.London: Pinter Publishers.
  • Perez, C., and L. Soete. 1988. “Catching-up in Technology: Entry Barriers and Windows of Opportunity.” In Technical Change and Economic Theory, edited by G. Dosi, C. Freeman, R. Nelson, G. Silverberg and L. Soete, 458–479. London: Pinter Publishers.
  • Perrons, R. K. 2014. “How Innovation and R&D Happen in the Upstream Oil & Gas Industry: Insights from a Global Survey.” Journal of Petroleum Science and Engineering. 124 (December): 301–312.10.1016/j.petrol.2014.09.027
  • Petronas. 2015. Annual Report 2015: Thriving in Tough times. Kuala Lumpur: Petronas.
  • PwC China. 2016. 2016 Global Innovation 1000 Study. Shanghai. https://www.pwccn.com/en/industries/telecommunications-media-and-technology/publications/2016-global-innovation-1000-study.html.
  • Ramamurti, R. 2000. “A Multilevel Model of Privatization in Emerging Economies.” Academy of Management Review 25 (3): 525–550.
  • Ramaswamy, K. 2001. “Organizational Ownership, Competitive Intensity, and Firm Performance: An Empirical Study of the Indian Manufacturing Sector.” Strategic Management Journal. 22 (10): 989–998.10.1002/(ISSN)1097-0266
  • Saudi Aramco. 2014. Generating Breakthroughs across the Value Chain: Annual Review 2014. Dhahran: Saudi Aramco.
  • Saudi Aramco. 2015. Pioneering Advances: Annual Review 2015. Dhahran: Saudi Aramco.
  • Saudi Aramco. 2016. Transforming Saudi Aramco Technology. Presentation. Dhahran: Saudi Aramco. https://www.jccp.or.jp/international/conference/docs/S2-1Mr.Ammar%20A.%20AlNahwi%20Presentation%20Ver.%2011.pdf.
  • Shin, J. S. 1996. Economics of the Latecomers: Catching-up, Technology Transfer, and Institutions in Germany, Japan, and South Korea. London: Routledge.
  • Shin, J. S. 2017. “Dynamic Catch-up Strategy, Capability Expansion and Changing Windows of Opportunity in the Memory Industry.” Research Policy 46 (2): 404–416.10.1016/j.respol.2016.09.009
  • Shleifer, A. 1998. “State versus Private Ownership.” Journal of Economic Perspectives 12 (4): 133–150.10.1257/jep.12.4.133
  • Shleifer, A., and R. W. Vishny. 1994. “Politicians and Firms.” Quarterly Journal of Economics 109 (4): 995–1025.10.2307/2118354
  • Shuen, A., P. F. Feiler, and D. Teece. 2014. “Dynamic Capabilities in the Upstream Oil and Gas Sector: Managing Next Generation Competition.” Energy Strategy Reviews 3 (1): 5–13.10.1016/j.esr.2014.05.002
  • Skuce, A. 2016. “The Looming Irrelevance of Big Oil.” Critical Angle, November 28. Accessed April 18. https://critical-angle.net/2016/11/28/the-looming-irrelevance-of-big-oil/.
  • Song, J. 2016. “Technological Catch-up and Knowledge Sourcing of Latecomers from Emerging Economies.” AIB Insights 16 (4): 15–17.
  • Stevens, P. 2008. A Methodology for Assessing the Performance of National Oil Companies. Washington, DC: World Bank.
  • Srategy&. 2016. From Technology Adopters to Innovators: How R&D Can Catalyze Innovation in Middle East National Oil Companies. Dubai: PWC.
  • Sustaita, M. 2016. “PFLNG SATU Produces First LNG.” OE Digital Edition, December 9. Accessed April 18. http://www.oedigital.com/component/k2/item/14148-pflng-satu-produces-first-lng.
  • Tonurist, P., and E. Karo. 2016. “State Owned Enterprises as Instruments of Innovation Policy.” Annals of Public and Cooperative Economics 87 (4): 623–648.10.1111/apce.2016.87.issue-4
  • Tordo, S., B. S. Tracy, and N. Arfaa. 2015. National Oil Companies and Value Creation. Washington, DC: World Bank.
  • UN. 1983. Transnational Corporations and World Development: Third Survey. New York: United Nations Center on Transnational Corporations.
  • Vertesy, D. 2017. “Preconditions, Windows of Opportunity and Innovation Strategies: Successive Leadership Changes in the Regional Jet Industry.” Research Policy 46 (2): 388–403.10.1016/j.respol.2016.09.011
  • Victor, D. G., D. R. Hults, and M. C. Thurber. 2012. Oil and Governance: State-owned Enterprises and the World Energy Supply. Cambridge: Cambridge University Press.
  • Wang, H. K. H. 2017. Energy Markets in Emerging Economies: Strategies for Growth. London: Routledge.
  • World Bank. 1993. The East Asian Miracle: Economic Growth and Public Policy. New York: Oxford University Press.
  • Zhang, C., D. Z. Zeng, W. P. Mako, and J. Seward. 2009. Promoting Enterprise-led Innovation in China. Washington, DC: World Bank.
  • Zhou, K. Z., G. Y. Gao, and H. Zhao. 2016. “State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics.” Administrative Science Quarterly, October 10, 1–30. Accessed April 18. http://journals.sagepub.com/doi/pdf/10.1177/0001839216674457.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.