The relationship retail trade and economic growth in Ho Chi Minh City

Lien Phuong Hoang
2018 Science & Technology Development Journal - Economics - Law and Management  
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
more » ... the economy of Ho Chi Minh City.
doi:10.32508/stdjelm.v1iq5.489 fatcat:zp6ewbulx5ad7ebuu6drja56pu