Naslov
The economic and sustainability priorities in the United Arab Emirates: conflict exploration

Autori
Pejić Bach, Mirjana ; Žmuk, Berislav ; Kamenjarska, Tanja ; Bašić, Maja ; Morić Milovanović, Bojan

Vrsta, podvrsta
Radovi u časopisima, znanstveni

Izvornik
Journal of enterprising communities (2023)

Status rada
Online first

Ključne riječi
Sustainability ; Economic development ; United Arab Emirates ; Gulf cooperation council countries ; Gender ; Fuzzy ; Cluster analysis

Sažetak
Purpose: This paper aims to explore and analyse stakeholders’ perceptions of the development priorities and suggests more effective strategies to assist sustainable economic growth in the United Arab Emirates (UAE). Design/methodology/approach: The authors use the World Bank data set, which collects various stakeholders’ opinions on the UAE development. First, the exploratory factor analysis has been applied to detect the main groups of development priorities. Second, the fuzzy cluster analysis has been conducted to detect the groups of stakeholders with different attitudes towards the importance of extracted groups of priorities. Third, clusters have been compared according to demographics, media usage and shared prosperity goals. Findings: The two main groups of development priorities have been extracted by the exploratory factor analysis: economic priorities and sustainability priorities. Four clusters have been detected according to the level of motivation when it comes to the economic and sustainability priorities: Cluster 1 (High economic – High sustainability), Cluster 2 (High economic – Medium sustainability), Cluster 3 (High economic – Low sustainability) and Cluster 4 (Low economic – Low sustainability). Members of the cluster that prefer a high level of economic and sustainability priorities (Cluster 1) also prefer more diversified economic growth providing better employment opportunities and better education and training for young people in the UAE. Research limitations/implications: Limitations stem from the survey being conducted on a relatively small sample using the data collected by the World Bank ; however, this data set allowed a comparison of various stakeholders. Future research should consider a broader sample approach, e.g. exploring and comparing all of the Gulf Cooperation Council (GCC) countries ; investigating the opinions of the expatriate managers living in the UAE that are not from GCC countries ; and/or including other various groups that are lagging, such as female entrepreneurs. Practical implications: Several practical implications were identified regarding education and media coverage. Since respondents prioritize the economic development factors over sustainability factors, a media campaign could be developed and executed to increase sustainability awareness. A campaign could target especially male citizens since the analysis indicates that males are more likely to affirm high economic and low sustainability priorities than females. There is no need for further diversification of media campaigns according to age since the analysis did not reveal relevant differences in age groups, implying there is no inter-generational gap between respondents. Originality/value: This paper contributes to the literature by comparing the perceived importance of various development goals in the UAE, such as development priorities and shared prosperity indicators. The fuzzy cluster analysis has been used as a novel approach to detect the relevant groups of stakeholders in the UAE and their developmental priorities. The issue of media usage and demographic characteristics in this context has also been discussed.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

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