The Development of Product Innovation Research as a Driver of MSME Competitiveness in the Digital Economy: A Bibliometric Analysis
DOI:
https://doi.org/10.17509/80axwy97Abstract
This study examines the development of research on product innovation as a driver of MSME competitiveness in the digital economy through a comprehensive bibliometric analysis. Using data extracted from a curated EndNote database and processed with Bibliometrix and VOSviewer, this study analyses publication trends, keyword patterns, thematic clusters, and temporal evolution of research from 2022 to 2025. The findings reveal a significant annual increase in publications, indicating growing academic attention to digital transformation within MSMEs. Density, network, and overlay visualisations show that research themes are centred on product innovation, digital economy, e-commerce, and competitiveness, supported by emerging topics such as digital strategies, opportunities, challenges, and post- pandemic technological adaptation. Network mapping identifies five major clusters reflecting diverse research focuses, whereas temporal analysis highlights a shift from COVID-19–related discussions toward strategic innovation and market opportunities in the digital era. This study contributes to current scholarship by mapping the intellectual landscape of MSME innovation research and identifying research gaps related to advanced technologies, digital business models, and cross-institutional collaboration. These insights provide a foundation for future research and support policymakers in strengthening MSME digital innovation ecosystems.
References
Aria, M., & Cuccurullo, C. (2017). Bibliometrix: An R-tool for comprehensive science mapping analysis. Journal of Informetrics, 11(4), 959–975. https://doi.org/10.1016/j.joi.2017.08.007
Audretsch, D. B., Belitski, M., & Desai, S. (2020). SMEs and entrepreneurship in the era of globalization: Advances and challenges. Small Business Economics, 55(3), 695–704. https://doi.org/10.1007/s11187-019-00208-2
Autio, E., Nambisan, S., Thomas, L. D. W., & Wright, M. (2018). Digital affordances, spatial affordances, and the genesis of entrepreneurial ecosystems. Strategic Entrepreneurship Journal, 12(1), 72–95. https://doi.org/10.1002/sej.1266
Dini, F., & Rudra, N. (2021). The digital economy and trade in developing countries. The Journal of Development Studies, 57(11), 1805–1821. https://doi.org/10.1080/00220388.2021.1971521
Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/j.jbusres.2021.04.070
Hakam, L. I., Ahman, E., Disman, D., Mulyadi, H., & Hakam, D. F. (2023). Exploring trends in innovation within digital economy research: A scientometric analysis. Economies, 11(11), 269. https://doi.org/10.3390/economies11110269
Hapsari, C., Clemes, M. D., & Dean, D. (2022). The impact of service quality, customer engagement, and selected marketing constructs on airline passenger loyalty. International Journal of Quality and Service Sciences, 14(3), 293–311. https://doi.org/10.1108/IJQSS-13-2021-0167
IFC. (2021). Digital skills and youth employment in developing countries. International Finance Corporation. https://doi.org/10.1596/35590
Listyasari, W. D., & Purwandari, B. (2022). Digital transformation of SMEs in developing countries: A systematic literature review. Procedia Computer Science, 197, 575–583. https://doi.org/10.1016/j.procs.2021.12.174
Nambisan, S., Wright, M., & Feldman, M. (2019). The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes. Research Policy, 48(8), 103773. https://doi.org/10.1016/j.respol.2019.03.018
OECD. (2021). Digital innovation: Seizing policy opportunities. Organisation for Economic Co-operation and Development. https://doi.org/10.1787/3f4e3a6e-en
Rachinger, M., Rauter, R., Müller, C., Vorraber, W., & Schirgi, E. (2019). Digitalization and its influence on business model innovation. Journal of Manufacturing Technology Management, 30(8), 1143–1160. https://doi.org/10.1108/JMTM-01-2018-0020
Schumpeter, J. A. (1942). Capitalism, socialism and democracy. Harper & Brothers.
Soto-Acosta, P., Popa, S., & Palacios-Marqués, D. (2021). Social web knowledge sharing and innovation performance in knowledge-intensive manufacturing SMEs. Journal of Technology Transfer, 46(3), 890–908. https://doi.org/10.1007/s10961-019-09735-y
Suseno, Y., & Standing, C. (2018). The significance of human capital and innovation in building core competences. The International Journal of Human Resource Management, 29(9), 1651–1670. https://doi.org/10.1080/09585192.2016.1262887
UNCTAD. (2022). Digital economy report 2022: Towards an inclusive digital economy. United Nations Conference on Trade and Development. https://doi.org/10.18356/9789210017336
Van Eck, N. J., & Waltman, L. (2014). Visualizing bibliometric networks. In Y. Ding, R. Rousseau, & D. Wolfram (Eds.), Measuring scholarly impact (pp. 285–320). Springer. https://doi.org/10.1007/978-3-319-10377-8_13
World Bank. (2022). World development report 2022: Finance for an equitable recovery. World Bank Group. https://doi.org/10.1596/978-1-4648-1730-4
Yudha, A. K., Nugroho, A., & Prasetyo, P. E. (2021). Digital transformation in micro, small and medium enterprises in Indonesia: Challenges and opportunities. International Journal of Entrepreneurship, 25(5), 1–15. https://doi.org/10.9744/ijb.25.5.001
Zahra, S. A., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. Academy of Management Review, 27(2), 185–203. https://doi.org/10.5465/amr.2002.6587995
Siregar, S. Q. (2025). Digital MSME research database 2020–2025 [Data set]. Personal collection

