Research topic: COVID-19: Asian stock markets and vaccine hopes a) Write the research design in considering the above research topic. b) You are required to develop a conceptual framework and design a research strategy to investigate the impact of the COVID-19 vaccine on Asian stock markets. c) Describe briefly the relevant paradigm used in conducting the research.
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ANSWER....
The aim of this article is to provide a brief outline of different research paradigms. It explores the philosophical underpinnings of three major paradigms: positivism, interpretivism, and critical theory. The article starts with a brief description of the four components of a research paradigm: ontology, epistemology, methodology, and methods. This is followed by a detailed discussion of the three paradigms and what characterizes the four components in each of the three paradigms. The article concludes by stating that researchers can investigate different phenomena under any of the three paradigms and they should not eschew the possibility of subscribing to different paradigms because of any concerns that they have to be mutually exclusive. Instead, the decision of choosing a philosophical outlook to investigate a phenomenon should be guided by the necessities and requirements of a research study rather than the obdurate insistence of adhering to one particular philosophical outlook to the exclusion of others.