Market Orientation,Corporate Social Responsibility,and Business Performance

This study examines the moderating effects of corporate social responsibility (CSR) on the association between market orientation and firm performance in the context of an emerging economy. The results from a sample of firms that operate in Dubai indicate that CSR has a synergistic effect on the impact of market orientation on business performance. The results of our research on the moderating effects of CSR on market orientation subsets reveal that although CSR moderates the association between customer orientation and business performance, it does not moderate the association between competitive orientation and inter-functional coordination and performance. The results of this study are discussed, and implications for practitioners and researchers are presented.     

Drivers of Green Supply Chain in Emerging Economies

In spite of the burgeoning interest in green supply chain management in Western developed countries and large emerging economies, little research exists on the topic in small emerging and developing countries. In this study, we surveyed firms based in Dubai to identify the main drivers of green supply chain management and their impact on supply chain greening. We discuss theoretical and managerial implications of the findings. © 2013 Wiley Periodicals, Inc.     

Performance of Exporters in an Emerging Economy

This article develops a contingency framework to investigate demand and supply factors to model small and medium exporters in Dubai a fast emerging economy in the Middle East. MNL methodology is used to identify the factors that discriminate three types of exporters: increasing growth; erratic growth, and decreasing growth. Cross sectional data of 179 exporters for the period from 2000–2003 were used for the analysis. Global demand factors followed by limited local market factors and product attributes are found to statistically discriminate the three types of exporters. The study findings have implications on strategies, promotion and marketing actions, capital constraints of exporters besides policy initiative to be taken by the government and regulatory authority.     

A welfare measure of consumer vulnerability to rising prices of food imports in the UAE

The recent and expected continuing rise in food prices has re-ignited concern and discussion in the United Arab Emirates about the country’s vulnerability to food supply shocks. Defining vulnerability as the compensating variation relative to household income, we find that although UAE households in the lowest income quintile spend on food on average less than a quarter of what households in the highest income quintile spend, the former are 3.5 times more vulnerable to rising prices of food imports than the latter.     

Market power versus efficiency under uncertainty: conventional versus Islamic banking in the GCC

In this article we estimate the effect of concentration on intermediation margins in Gulf Cooperation Council's (GCC) Islamic and conventional banking under the assumption that margins are uncertain. The empirical model, which we formally derive from an expected utility maximization problem, allows us to test for risk aversion as well as competitive conduct in loan and the deposit markets. The model also yields an expression showing that the effect of concentration on margins is the sum of its respective effects on market power, marginal cost of intermediation and marginal cost of uncertainty. The expression allows us to test whether concentration is welfare enhancing, reducing or neutral. We find Islamic banks to be risk-averse and conventional banks to be risk-neutral. We also find that concentration is welfare-neutral in Islamic loans and deposits, welfare-enhancing in conventional loans and welfare-neutral in conventional deposits. We used Nonlinear Two-Stage Least Squares (N2SLS) and Nonlinear Three-Stage Least Squares (N3SLS) to check for robustness.     

Institutional barriers in labor markets: Examples, impacts, and policies

This paper examines the institutional biases that impede the competitive functioning of labor markets. Two contexts are considered. The first relates to Moroccan labor migrants in The Netherlands, where institutional bias distorts the competitive functioning of the labor market by downgrading the educational returns to migrant workers and acting as a disincentive for further investment in human capital. The second relates to labor markets in Indonesia and Pakistan. Institutional bias in these two countries leads to an exaggeration of labor returns to certified education, and to over-investment in university education. We argue that such biases are fed by misinformed beliefs and group interests, and stand in the way of achieving higher growth and equity.     

MODELING THE NEXUS BETWEEN SUSTAINABLE DEVELOPMENT AND RENEWABLE ENERGY: THE AFRICAN PERSPECTIVES

Motivated by the gained momentum of the sustainable development goals (SDGs) under the umbrella of the United Nations organization, in the light of the SDG‐7, which stipulates the access to affordable, sustainable, and modern energy, this paper explores the dynamic relationship between renewable energy and the pillars of sustainable development. Its insights are driven using a simultaneous equation model based on a panel of 25 African economies covering the period 1990–2014. The results show that renewable energy is important for sustainable development and that higher levels of renewable energy can increase sustainability. The findings also confirm the positive influence of renewable energy on the economic, environmental, social, and institutional dimensions. These positive effects stem from investment in clean energy in the whole of Africa, combined with structural changes promoting the use of clean energy and the achievement of the millennium development goals. The findings should be useful for policymakers in Africa. Aggressive renewable energy policies will be crucial for achieving energy‐policy goals and the “multiple benefits” of renewable energy, such as reducing climate change and air pollution, improving energy security, and increasing access to energy.