“…Given the importance of catch-up for latecomer economies, substantial research was launched and yielded many thought-provoking achievements. With highly diverse research foci, previous works highlighted several factors, such as the roles of government (Sung and Hong, 1999;Mu and Lee, 2005;He et al, 2006;Hu and Hsu, 2008;Whang and Hobday, 2011;Choung et al, 2012;Wang et al, 2012;Hu et al, 2015;Kiamehr et al, 2015), the effort of latecomers' technology capability building (Sung and Hong, 1999;Lee and Lim, 2001;Mu and Lee, 2005;Hu and Hsu, 2008;Li et al, 2010;Park, 2012;Chuang and Hobday, 2013;Lee et al, 2014;Chen and Chen, 2015;Hu et al, 2015), the favorable market conditions (Mu and Lee, 2005;Li et al, 2010;Whang and Hobday, 2011;Hwang and Choung, 2014;Kiamehr et al, 2015;Liu et al, 2015), the influence of technological regime (Mu and Lee, 2005;Whang and Hobday, 2011;Chen and Chen, 2015;Hu et al, 2015), the support of the local business ecosystem (He et al, 2006;Hu and Hsu, 2008;Li, 2008;Li and Kozhikode, 2008;Whang and Hobday, 2011;Park, 2012;Lee et al, 2014;Chen and Chen, 2015;Liu et al, 2015), ...…”