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ACADEMICIA: An International Multidisciplinary Research Journal
Year : 2020, Volume : 10, Issue : 11
First page : ( 1583) Last page : ( 1598)
Online ISSN : 2249-7137.
Article DOI : 10.5958/2249-7137.2020.01663.8

Impact on economic growth due to decline in crude oil price in Oman - a study of youth perception

Dr. Nooney Lenin Kumar

Assistant Professor, Department of Business Studies, Nizwa College of Technology, Sultanate of Oman

Abstract

The main objective of the study is to know the opinion of students regarding economic growth in Oman due to decline in crude oil price. Data was collected from 424 students using a structured questionnaire. Chi-squire test was used to analyze the relationship between gender, specialization and level of education with opinion of students. The findings of the study shows that Female students have positive opinion that government will normalize budget deficit than male students, majority students have a positive opinion that government will increase taxes and Male students have slightly positive opinion that decline in crude oil prices brings more investment in oil sector than female students. Over all it can be concluded that Female students and diploma students have an optimistic opinion about the economic growth in Oman.

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Keywords

Economic Growth, Oil Prices, Decline, Perception.

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