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The Retail Sales in the Czech Republic and the European Union and the Comparison of Evolution

Author

Listed:
  • Kamil Pícha

    (University of South Bohemia in České Budějovice)

  • Leoš Vítek

    (University of Economics, Prague)

  • Hana Doležalová

    (University of South Bohemia in České Budějovice)

  • Josef Navrátil

    (University of South Bohemia in České Budějovice)

  • Roman Švec

    (University of South Bohemia in České Budějovice)

Abstract

The paper deals with the evolution of the retail sales in the Czech Republic and the European Union. Retail sales are a very important element of the total performance of a national economy. The aim of this article is to analyze the tendency of the retail sales and to compare their evolution in the Czech Republic with the results of the whole European Union. The paper presents graphical analysis studying relations between the retail sales and the macroeconomic development (GDP growth rate and unemployment rate) as well as the expectations of the households. As concerns the factors of the retail sales evolution, there is some positive correlation with the evolution of the general economic performance. However, there is no provable relation between the growth or decrease of the retail sales and the unemployment in both the EU and the Czech Republic.

Suggested Citation

  • Kamil Pícha & Leoš Vítek & Hana Doležalová & Josef Navrátil & Roman Švec, 2012. "The Retail Sales in the Czech Republic and the European Union and the Comparison of Evolution," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 15(2), pages 3-13.
    • Handle: RePEc:boh:actaub:v:15:y:2012:i:2:p:3-13
    DOI: 10.32725/acta.2012.010
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    More about this item

    Keywords

    Retail Sales; Macroeconomic Development; Households;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions

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