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Impact of oil export revenue on economic growth and consumers wellbeing in Chad


par Kadidja Sarah Mamadou
IPAG Business School - MSC in Internationational Business Management 2021
  

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Chapter No. 3:Research Methodology

3.1Philosophy, Methods and Approach of Research

Philosophical direction is used to define the purpose of the research. Method of data collection process shows how the data was handled, collected and used for analysis for the purpose of satisfying the particular research aims defined by the researcher Bryman (2016); Hughes and Sharrock (2016); (Johnson & Clark, 2006). There are four research philosophies which are usually used by researchers; interpretivist, positivism, realism and pragmatism. Interpretivism is the main philosophy adopted by researchers using qualitative methods of inquiry while positivist philosophy is preferred by researchers that use quantitative research analysis. In the positivism research philosophy, the scientific rules and regulations are followed strictly to ensure that authentic data and information is produced and to ultimately avoid the creation of any partiality in the data (Saunders, Lewis, & Thornhill, 2009), while self-interpretations are used to produce the results in interpretivism research philosophy. Therefore, it can be clearly said that positivism accounts presents a conventional procedure of conducting research which allows the researchers to draw objective inference from the data free from the issues created by personal beliefs. Hence, in this particular research, the researcher has opted to use Positivism research philosophy to ensure minimal prejudices in results and generation of original data from the participants for the generation of genuine data and results.

The degree of logical approach in the theoretical perspectives of a research and the design of the research can be explained in terms of two kinds of research approaches; deductive approach and inductive approach (Saunders, Lewis, & Thornhill, 2009). When a researcher starts from a general theory and goes on to deduce specific inferences about the theory this is called as the deductive approach i.e. developing a theory at the very start of the research by going through past literature and then designing a plan to test the theory in a selected specific population so as to obtain the results from the particular participants of that population to justify the hypotheses of research (Collis & Hussey, 2013). While the researcher goes from specific to general in the case of inductive approach i.e. start is taken from the collection of data and the researcher goes on to generate theory based on this data that will be applied on the entire population (Saunders, Lewis, Thornhill, & Wilson, 2009). Research approach can be Research approach should always be in line with the objectives of a study. The objectives of this study were to find out how the revenue that is generated from oil exports can impact the growth of economy and the wellbeing of the consumers living in Chad. Therefore, the aim of this study was not to propose a new theory but instead explore the factors or ways with which the export revenue affects the economic and well-being aspects in Chad. Therefore the deductive approach has been applied. The researcher didn't aim to introduce any new concept rather existing concepts and theories were used and enhanced to be included in this research study.

Research methods are the processes or procedures that are carried out by a researcher to complete a study (Creswell & Creswell, 2017). Three types of research methods exist; qualitative method, quantitative and the mixed method approach. Quantitative approach is a research method that deals with numeric, quantifiable data and results are basically generated using primary data i.e. first-hand information that has been collected for the first time. While the qualitative research design has usually been associated with the theory and research philosophy of interpretivism i.e. of non-numeric natures. In mixed methods, a mix of both kind of researches is carried out which gives an in depth and more comprehensive knowledge regarding the research problem (Almalki, 2016). The present study uses quantitative method. The study uses existing literature and a survey design to attain the objectives of the study. The objectives of the research study support the use of quantitative methods. In addition to collecting primary data through questionnaire, the researcher has also collected secondary data from the reports generated in the past.

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