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Abstract

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.



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Article Details

Issue: Vol 1 No Q5 (2017)
Page No.: 44-51
Published: Nov 27, 2018
Section: Research article
DOI: https://doi.org/10.32508/stdjelm.v1iQ5.489

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Creative Commons License

Copyright: The Authors. This is an open access article distributed under the terms of the Creative Commons Attribution License CC-BY 4.0., which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 How to Cite
Hoang, L. (2018). The relationship retail trade and economic growth in Ho Chi Minh City. VNUHCM Journal of Economics, Business and Law, 1(Q5), 44-51. https://doi.org/https://doi.org/10.32508/stdjelm.v1iQ5.489

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