5.2 Conclusion
The main purpose of this research paper is to investigate the
impact of revenue generated from oil export on the economic development of Chad
and its consumer's well-being. This research study also aims to identify the
impact of oil export revenue on the development and sustainability of the
agriculture and manufacturing sectors. This research paper empirically
investigates the impact of oil export on the employment rate in Chad. This
study also evaluates if there are any changes in the amount of oil export and
its effects on economic development with a focus on Chad. Using some
significant data from previous years, this research paper attempts to evaluate
the effect of oil export revenue on the overall economic condition of Chad via
the causality tests and techniques. The tests and findings of this research
paper discover that positive revenue earned from oil export can positively
influence the process of economic development. oil export on the well-being of
consumers in Chad. The initial findings of this paper conclude The main idea
that this research put forward is to examine the impact of higher revenues
generated from that the economic development of the country favourably related
to revenues generated from oil export. This is because higher revenues from oil
export generate some significant opportunities for further developments in
economic activities. Revenues from oil exports are also significant for
acquiring foreign exchange to provide crucial opportunities for sustainable
development of the economy. The results of the study revealed that revenue from
oil export has a favourable long-term relationship with the sustainable
economic development of the country. Similarly, the findings of this research
study also indicate that oil export revenue can provide effective opportunities
for the government that they improve the existing system of the agriculture
sector. With higher revenues from oil, the export government can provide
subsidies for cost minimization and the government can also fund the basic
infrastructure of the agriculture sector. Therefore, this study concludes that
there is a positive and effective relationship between oil export revenue and
the agriculture sector. Furthermore, the findings of this paper manifest that
oil export revenue also positively enhances the infrastructure of the
manufacturing sector. The production sector is one of the most important
sectors of the government agenda in many nations because it mainly develops and
drives technological innovation and also creates economic activities. A
government with higher revenue earned from oil export can easily support
enhancements in the manufacturing sector by proving them modern technology and
systems.
Moreover, it is concluded that the data has been collected
through both primary and secondary techniques. the overall findings of the
study have concluded that there is a significant and positive impact of oil
export revenue on consumer well being as well as per capita income of the Chad
country. There is a positive relationship because the export revenue from oil
production causes the production and revenue which further increased the per
capita income of the country as well. Additionally, the oil export revenue of
Chad negatively affects the unemployment generation. The higher will be the oil
export revenue, the less will be the unemployment opportunities. Overall, the
complete study has concluded that the role of oil export revenue is very vital
for Chad to develop the agriculture, manufacturing, per capita income, GDP and
consumer well being. The study has also concluded that the following study is
significant and beneficial for Africa and its surrounding places.
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