Studies in Business and Economics

Front Matter

ojsadmin production — 2025-09-18

Editorial Foreword

ojsadmin production — 2025-09-18

Modelling the Dynamic Relationship between Production of Crude Petroleum and Natural Gas and Gross Domestic Product in Qatar during the Period 2000–2022

Bouzidi Lamdjad — 2025-09-18

The production of crude oil and natural gas is crucial for Qatar's economy as it supports its indicators of economic development. The gross domestic product (GDP) measures the value added by various economic sectors during a specific period and heavily relies on the surplus generated in Qatar's oil and natural gas sector for growth and development. It is projected that real GDP growth will range between 2% and 2.5% in 2023-2024, driven by strong domestic demand and the ongoing expansion in liquefied natural gas production. Inflation is expected to gradually decline to around 3%. In this study, we used a standardized approach to determine the impact of crude oil and natural gas production on Qatar's GDP. Our methodology involved analyzing data related to the production of crude oil and natural gas, as well as the gross domestic product (GDP) in Qatar. We then constructed a statistical and mathematical model that explains the long-term relationship between these variables. To establish the reliability of our model and interpret the relationship between the variables, we employed causal tests such as the Engle-Granger test and the vector autoregression (VAR) model. Through the response analysis of the model, we found a strong and statistically significant relationship between the production of crude oil and natural gas and Qatar's gross domestic product (GDP).

Mapping the Intellectual Structure of Global Brand Literature and Automobile Industry: A Bibliometric Analysis

Kavita Verma — 2025-09-18

This review aims to conduct a thorough bibliometric analysis to assess the propensity of the impact of the brand on purchase intention literature in the automobile industry and provide a roadmap for further research. Using the specified search string on 05 February 2024, 340 publications were retrieved from esteemed journals indexed in the Scopus database. The dataset from 1974 to 2023 was analyzed and visualized using RStudio combined with Bibliometrix and VOSviewer software. The findings provide valuable insights into yearly publication trends, the prolific authors, sources, institutions, countries, and research publications. The observed outcomes of the review contradict Bradford’s Law and Lotka’s Law. Furthermore, bibliographic coupling analysis offers the conceptual research framework and suggests potential research avenues in this research area. In conclusion, this study enhances understanding of consumer behavior, particularly the influence of product brand image on potential car customers’ purchase intention.

Market Competitiveness And Consumer Acceptability Of Polish Manufactured And Agricultural Exports To African Countries: A Comparative Analysis

Kassim Adekunle Akanni — 2025-09-18

Over time, Africa has been regarded as a major destination for manufactured (industrial) goods from the United States and Europe, thus creating huge competition for Polish export goods in the African markets. But, there is the need to know the level of competitiveness, the comparative advantages and the import parity prices of these export goods in the African markets so that their performance and acceptance could be measured, especially, among the consumers. Consumer acceptability of goods is often hinged on the perception of quality, price competitiveness, and derived satisfaction from their consumption, among other factors. Specifically, the objectives of this study were to determine the level of market competitiveness for the selected Polish manufactured and agricultural exports in African markets. It also examined the level of comparative advantage and consumer (market) acceptability of Polish goods exported to African markets. Twenty–year secondary data on Africa's major manufactured and agricultural imports (2005-2022) was used and trade competitiveness index measurements, Revealed Comparative Advantage (RCA) index, Import Parity Price (IPP) Analysis and descriptive statistics were used.

Findings showed that there was a strong competitiveness for agricultural exports from Poland to Ghana while Egypt had strong export trade competitiveness in mineral fuels, lubricants, boilers, machinery and appliances, vehicles, aircraft parts and vessels with Warsaw. The Revealed Comparative Advantage indices indicated that Poland had the highest export trade relations with Nigeria in live animals and animal products and least in foodstuffs and beverages. Overall, Poland had the best bilateral trade relations with the Republic of South Africa and the worst with Kenya. Similarly, foodstuffs and beverages, with the highest total value of $353,498.0 were exported by Poland to the Egyptian market while the least quantity of the items, valued at $14,550.4 million, were exported to the Kenyan market within the same period. Nigeria had impressive import parity prices (IPP) in maize, frozen chicken, turkey, and commercial boiler while South Africa and Egypt had better IPP in rye, and frozen turkey respectively. Generally, all the six African trade partners were favoured in the commercial boilers exchange with Warsaw. In conclusion, the Polish government has realized that the African markets are veritable business destinations for its products in recent times. To fully maximize and reap the benefits of these markets therefore, there is the need to minimize the artificial trade barriers, and bureaucracies in trading, and ensure the provision of moderate grants to support African governments' export drives with Warsaw. It therefore recommended that Poland should invest more in the export of live animals and animal products to Nigeria. Such investment could be extended to commercial animal ranching under an intensive management system with a modern agribusiness management touch and supply value chain which can create huge job opportunities and increased household incomes in Nigeria and thus jack up the foreign exchange earnings of Poland.

Interest Rate, Insecurity and Foreign Investment in West Africa: Impact Analysis

Abdurrauf Babalola — 2025-09-18

Owing to the incessant occurrence of insecurity and the prevalent outrageous interest rates in the region, foreign direct investment has been decreasing over and over, since investors are at risk of losing their investments in regions like these. This research aimed to address the issue of low foreign investment in West Africa by examining the impact of interest rates and insecurity on foreign direct investment, while inflation and environmental sustainability, among others, are controlled for. Ten countries in West Africa were selected for this study. After analysing data from 2007 to 2022 using static panel data analysis. The findings revealed that interest rates had a significant negative effect on foreign direct investment, while the level of insecurity, inflation rate and environmental sustainability had no significant impact on foreign investment in the sub-region. Additionally, while population and total output had a significant positive impact, exchange rates (depreciation) had a significant inverse impact on foreign direct investment. The study suggests that interest rates be reduced, and West African governments should work together to develop and strengthen regional security measures to combat the importation of arms from war-torn nations in Central and North Africa.