Processes and Channels of Technology Upgrading of Knowledge-Based Firms in Nigeria.
Publication Date: 02/11/2024
Author(s): Emmanuel Makanjuola Ogunjemilua, Abiodun Isaac Oyebola, Ifeoluwa Felicia Ogunjemilua, Felix Akinlade Babatola, Ibukun Marcus Falayi.
Volume/Issue: Volume 7 , Issue 4 (2024)
Abstract:
This study examined the processes and channels of technology upgrading of knowledge-based firms (KBF) in Nigeria. The study adapted the OECD (2004) classification of knowledge-based industry in Nigeria, such as low technology-based and high technology-based firms. The questionnaire was deployed on fifty (50) selected knowledge firms and 72% of the questionnaire completed and retrieved were used for the analysis of this study. The results revealed that low-tech. based firms (47.8%) and high-tech based firms (21.1%) upgraded technology through the process of technology spillover, likewise, low-tech. based firms (46.8%) and high-tech. based firms (52.4%) upgraded technology through the process of technology transfer. The study further indicated that low-tech. based firms (46%) and high-tech based firms (81%) upgraded technology through trading channel. Also, low-tech. based firms (47.9%) and high-tech based firms (95.5%) upgraded technology through foreign direct investment channel, likewise, low-tech. based firms (38.9%) and high-tech-based firms (29.9%) upgraded technology through a technology development alliance. The study concluded that, low-tech. based firms in Nigeria need to improve their technology transfer process while high-tech. based firms also need to improve on their technology spillover technologies through different systems that are customers’ driven.
Keywords:
Technology upgrading, Knowledge-based firms, Nigeria.
