Students’ Consumption Determinants and Academic Performance Nexus: A Case Study of Private University Students in Ghana

Abstract

The paper seeks to ascertain the factors that influence the private university student’s consumption and subsequent influence on academic performance. A linear model of the consumption function was used. The Ordinary Least Square technique was employed to determine the factors that influence students’ consumption. Following econometric procedures and data collected from field work; gender, marital status, age, average grade point, residential status, occupation, price levels, and disposable income were found to influence private university students’ consumption in Ghana. Also, from the correlation matrix, there is an inverse relationship between student’s performance and their consumption. The paper recommends redirection of students spending to impact on academic performance.

Keywords: Academic Performance, Consumption, Ordinary Least Square, Students.