The earlier part of the study comprises the deductive perspective resulting in shape of the derivation of a framework to collect primary data through the consideration of general principles or theories. The inductive perspective provides the foundations of the conclusions and generalisation of the results of the survey.
The study will be undertaken by using both types of data, qualitative and quantitative. The types of data to be used in the study include both and combine quantitative and qualitative data. Qualitative research is an accurate research with "explicit sampling strategies, systematic analysis of data, and a commitment to examining counter explanations. Ideally, methods should be transparent, allowing the reader to assess the validity and the extent to which results might be applicable to their own clinical practice". -- BMJ 1998; 316:1230-1232 (as cited by Simon, 2002)
Qualitative data normally provides answers to the questions including the how and why (Gill & Johnson 1997; Creswell 2003). The qualitative data provides a deep in sight to the objectives of the study. On the other hand the Quantitative data is the measurable information represented in numbers (Kervin 1992; Gill & Johnson 1997) to answer what, who, when , where and how much but limited in providing answers to how and why. The study involved the combination of both the data types. In order to analyse the relationship between the different variables in the study the SPSS software is used for data interpretation.
1.3 Data Requirements
In order to get the clear understanding of the causes and effects of new MoL laws and credit market crisis on the Emirates economy it is important to use both primary and secondary data.
Secondary data has been collected by undertaking the review of books, journal studies, articles, papers and commentaries. Secondary data forms the corner stone at which the framework of the study can be formulated. It helps in undertaking the investigation regarding the concepts or theories which further needed to be explored. Primary data can be collected through the suitable data collection methods. Primary data is specifically collected for the purpose of the study being undertaken and provides direct and clear response to the queries of the researcher. Together the primary and secondary data provides useful information in order to acquire conclusions regarding the issue being studied.
1.4 Research Methods
There are two data collection methods in the study. One is structured interviews and the second is the semi-structured questionnaire for the derivation of the primary data. The framework for the preparation of the data can be drawn by using secondary data.
Structured interviews are conducted by the researcher when the exact information is needed through a prepared list of questions. The interview questions will focus on the effects and consequences of the law implemented by the MoL and the credit crisis in the world. The questions have been designed after undertaking the study and analysis of the literature related to the subject area (Saunders et al. 2003). The interview will be undertaken face to face as it has many benefits which can improve the clarity of responses.
1.5 Rationale for Using Questionnaire
Questionnaire survey is an important tool of collecting the primary data.
The advantage attached with