Open AccessThe relationship retail trade and economic growth in Ho Chi Minh City
Author(s) -
Lien Phuong Hoang
Publication year - 2018
Publication title -
khoa học và công nghệ: kinh tế - luật - quản lý
Language(s) - English
Resource type - Journals
ISSN - 2588-1051
DOI - 10.32508/stdjelm.v1iq5.489
Subject(s) - ho chi minh , retail trade , error correction model , economics , retail sales , business , econometrics , commerce , demographic economics , cointegration , marketing , low income
This study analyzes the relationship between retail trade and economic growth in Ho Chi Minh City. The research employed Vector Error Correction Model (VECM) method for the time series data collected from the period 1995 – 2015. The result shows that retail sales enhances economic growth and changes in growth has a positive impact on retail trade in Ho Chí Minh City. That not only confirms Keynes's Keynesian Growth Theory, but also evaluates the importance of retail trade in the economy of Ho Chi Minh City.