5.3 Implications
This study has evaluated the impact of Chad oil revenue on the
wellbeing of common people as Chad has revolutionary steps in the development
in various sectors and it has impacted the positive influence on the economic
growth of Chad as per capita income has increased and this rise of income and
the life standard has brought sustainability inChadians life. The agricultural
sector hasdeveloped and there is a huge change in the per capita income and
this revolution has changed the economic situation of the society. The study
also grasps the term of the manufacturing sector of Chad economy and its
industries as it has raised its industrial sector and the economy has grown
well. The research paper also contributes to explain the results of the oil
revenue as a major source in empowering the field of manufacturing. Chad is
ranked 22nd among the poorest African countries in 2019 according to
the International Monetary Funds(IMF). The oil revenue has a great impact and
influenced the lifestyle of Chadians. Oil regarded as the wealth of Chad has
brought about a great change in the economy of the country and wellbeing of
common people and the rate of employment can be increased and this hypothesis
is very positive and very influential. Oil revenue as the source of wellbeing
of the common people of Chad has brought a positive change. Previous studies
also ensure that the oil revenue is a great blessing in improving the per
capita income. But before the existence of crude oil, the Chadians had a very
low standard and very minimum per capita .this has a very positive influence
and very significant role in doing better and raising a stable lifestyle as
Chad has been a French colony and now a change in the economy of the country.
This study also suggests that oil revenue has a very positive and significant
influence on the living standard of the common people.Most of Chadianlive on
agriculture as cotton the primary basic crop, livestock, and fishing for
earning and profession. The contribution of oil revenues can improve their
education and health sector. The field of agriculture can go on a high rank in
working and the level of life can be revolutionized. The study also gives a
positive impact overall and opens various doors for future analysts to discuss
and suggest various solutions and fields to explore the ways and means to make
plans and indicate the use of revenue or money in more positive and beneficial
purposes. The research paper also suggests that Chad's community has a very
positive and valuable chance to develop its various sectors by using this
natural wealth. The development in the agriculture sector, manufacturing
sector, and to decline the ratio of unemployment are the advantages that the
Chad government can avail.
5.4 Limitation/Future
research indications
It is important to discuss that the given study has some flaws
and shortcomings that resulted in the unavailability of resources. The given
study has also some of the limitations that reflect the lack of transparency in
the research. One of the significant limitations of the current study is the
sample size. In given research, the data only have been collected from 200
individuals. These individuals belong to oil consumption consumers, exports or
managerial employees. The data collected only from these individuals based on
the availability of resources. However, it is recommended that future
researchers must increase their sample size to make research most investigative
and analyse the problem. The future study must have to collect the data from
other individuals to make research more comprehensive. As the more will be the
sample of research, the more significant will be the results and it helps to
make research more favourable. Another significant and important limitation of
the current study is the lack of indications of variables. The study has
designed to highlights the importance of oil export revenue on growing revenue,
consumer well being, per capita income, manufacturing sector growth,
agriculture sector growth and per capita income of Chad. It is analysed that
there is a lack of independent variables. Future studies and researchers must
include other variables to make research significant. For instance, future
researches should analyse the role and impact of oil price fluctuation on
economic well being as well as the economic growth of the country. This is
because; the impact of oil prices is very vital and significant on the economic
growth of the country as well as other sectors. It is also recommended that
future studies should also be analysed and identify the impact of consumption
of oil, economic recession as well as macroeconomic stability on the quality of
life of the individuals and well being along with economic growth. As
macroeconomic factors can be helpful to analyse and check the impact on well
being of the consumers as well as the country. Besides this, the future
researcher's can also includes other favourable variables such as the export of
natural resources and its impact on the revenue trend of other developed
countries. This will also be a helpful purpose to identify the trend of imports
and exports as with economic growth. Furthermore, the following study has only
focused on Chad's country to identify the relationship of oil export on
economic, well being, manufacturing, agricultural economic growth. While, it is
recommended that the researchers in future time must have to analyse the impact
of oil export on another country's economic growth such as China, Turkey, Saudi
Arabia, Nigeria, and other developed nations. This is because these countries
are rich in oil and the export of oil has a significant impact on their
economy. Therefore, future studies should be conducting the same study in other
developed nations under a time series analysis.
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