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Wal-Mart and the US Economy


  • Robert Jantzen

    (Iona College, 715 North Avenue, New Rochelle, NY 10801, USA)

  • Donn Pescatrice

    (Iona College, 715 North Avenue, New Rochelle, NY 10801, USA)

  • Andrew Braunstein

    (Iona College, 715 North Avenue, New Rochelle, NY 10801, USA)


The Wal-Mart company, the world's largest retailer and second-largest corporation, is a dominant US business. This study investigates whether there are significant long-run relationships between the business of Wal-Mart and the overall US economy as measured by an array of traditional macro-level variables. Cointegration analysis reveals that Wal-Mart sales generally move counter to overall economic conditions, dampened in more prosperous economic periods and buoyed in more sluggish economic environments. Consequently, trends in Wal-Mart sales may serve as a rather non-traditional contrarian economic bellwether. Eastern Economic Journal (2009) 35, 297–308. doi:10.1057/eej.2008.19

Suggested Citation

  • Robert Jantzen & Donn Pescatrice & Andrew Braunstein, 2009. "Wal-Mart and the US Economy," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 35(3), pages 297-308.
  • Handle: RePEc:pal:easeco:v:35:y:2009:i:3:p:297-308

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    Cited by:

    1. Peralta, Denis & Kim, Man-Keun, 2016. "Big-Box Retailers and Personal Income Growth in the U.S," 2016 Annual Meeting, July 31-August 2, 2016, Boston, Massachusetts 235216, Agricultural and Applied Economics Association.
    2. Jonathan Matusitz & Elizabeth Minei, 2011. "Cultural Adaptation of an MNC in Mexico: A Success Story," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 18(2), pages 418-429, December.

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