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Empirical Assessment of Expectations Associated with the Recent Discovery of Commercialisable Oil in Ghana

Author

Listed:
  • Yeboah Asuamah Samuel

    (Marketing Department, Sunyani Polytechnic, Ghana)

  • Kumi Ernest

    (Marketing Department, Sunyani Polytechnic, Ghana)

  • Kwarteng Ernest

    (General and Liberal Studies, Sunyani Polytechnic, Ghana)

Abstract

The paper aim at assessing empirically the various expectations held by people in the economy in the face of oil revenue in order to contribute to the body of knowledge that exist in expectation formation. The study is based on descriptive quantitative survey of students in first and third year marketing department of Sunyani Polytechnic offering Higher National Diploma programme. A sample size of 70 respondents was used and was selected using non probability (convenience) sampling method. Questionnaires were prepared using the Likert scale and were distributed to the students. Data were analysed using SPSS and the result presented in tables. Results indicate that respondents hold mixed expectation in the face of the oil revenue. There was gender, age, religion, employment differences in some of the expectations held by respondents. Future research should look at issues such as why there are these differences in opinions and the effect of macroeconomic variables such as inflation, GDP on public confidence as well as ways of managing these expectations.

Suggested Citation

  • Yeboah Asuamah Samuel & Kumi Ernest & Kwarteng Ernest, 2012. "Empirical Assessment of Expectations Associated with the Recent Discovery of Commercialisable Oil in Ghana," International Review of Management and Marketing, Econjournals, vol. 2(3), pages 177-191.
    • Handle: RePEc:eco:journ3:2012-02-18
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    References listed on IDEAS

    as
    1. Paul Collier & Anke Hoeffler, 2000. "Greed and Grievance in Civil War," CSAE Working Paper Series 2000-18, Centre for the Study of African Economies, University of Oxford.
    2. Patrick A. Imam, 2007. "Effect of IMF Structural Adjustment Programs on Expectations: The Case of Transition Economies," IMF Working Papers 2007/261, International Monetary Fund.
    3. Sendhil Mullainathan & Marianne Bertrand, 2001. "Do People Mean What They Say? Implications for Subjective Survey Data," American Economic Review, American Economic Association, vol. 91(2), pages 67-72, May.
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    Cited by:

    1. Weszkalnys, Gisa, 2016. "A doubtful hope: resource affect in a future oil economy," LSE Research Online Documents on Economics 64684, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    Expectation; Oil revenue; Ghana; Resource curse;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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