WalMart and Local Economic Development
This article reviews the literature that evaluates WalMartâ€™s impacts on local economies. The authors first describe the methods used to account for potential reverse causality of WalMartâ€™s store location decisions, and then they discuss the literature assessing the companyâ€™s effect on three aspects of community life: (a) retail (and nonretail) businesses, across large- and small-sized stores and in different business environments; (b) retail workers, wages, and types of jobs; and (c) producer and consumer welfare through the companyâ€™s price-decreasing effect and other potential indirect effects. Last, articles focusing on a broad spectrum of local conditions that could be affected by the company, including poverty rates, social capital, food insecurity, policy effectiveness, and obesity are reviewed. For each dimension, evidence is found of both positive and negative effects, suggesting that we are still far from truly understanding the net effect of WalMart on local economies, let alone the overall consequences in the long run.
Volume (Year): 26 (2012)
Issue (Month): 4 (November)
|Contact details of provider:|
When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:26:y:2012:i:4:p:285-297. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)
If references are entirely missing, you can add them using this form.