Sources of Global Heterogeneity in Retail Spending
Economies worldwide vary greatly in terms of how much their consumers spend on various types of retail activities. The purpose of this paper is to examine how the regulatory characteristics as well as the natures and strategies of businesses are related to retail spending. We employed random effect time series cross sectional (TSCS) models linear in parameters for forty-eight economies using annual data for the 1999-2008 period. The results provided strong support that economic freedom, foreign direct investment (FDI) inflow and concentration of retail stores in an economy positively affect retail spending. We also found that tax and social security contributions as a proportion of the GDP is positively related to per capita grocery retail spending. A lack of data for a large number of economies, especially less developed ones potentially provides a limitation of this paper.
|Date of creation:||Jan 2011|
|Date of revision:|
|Contact details of provider:|| Postal: 2-1 Rokkodai, Nada, Kobe 657-8501 JAPAN|
Phone: +81-(0)78 803 7036
Fax: +81-(0)78 803 7059
Web page: http://www.rieb.kobe-u.ac.jp/index-e.html
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John R. Hanson, 2003. "Proxies in the New Political Economy: Caveat Emptor," Economic Inquiry, Western Economic Association International, vol. 41(4), pages 639-646, October.
- Michael Keren & Gur Ofer, 2002. "The Role of FDI in Trade and Financial Services in Transition: What Distinguishes Transition Economies from Developing Economies?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 44(1), pages 15-45, April.
- Cédric Durand, 2007.
"Externalities from foreign direct investment in the Mexican retailing sector,"
- Cédric Durand, 2007. "Externalities from foreign direct investment in the Mexican retailing sector," Cambridge Journal of Economics, Oxford University Press, vol. 31(3), pages 393-411, May.
- Rose, Andrew K., 2004.
"Do WTO members have more liberal trade policy?,"
Journal of International Economics,
Elsevier, vol. 63(2), pages 209-235, July.
- Blisard, Noel & Stewart, Hayden, 2007. "Food Spending in American Households, 2003-04," Economic Information Bulletin 59033, United States Department of Agriculture, Economic Research Service.
- Regmi, Anita & Gehlhar, Mark J., 2005. "Processed Food Trade Pressured by Evolving Global Supply Chains," Amber Waves, United States Department of Agriculture, Economic Research Service, February.
- Petter NÃ¦ss, 2006. "Accessibility, Activity Participation and Location of Activities: Exploring the Links between Residential Location and Travel Behaviour," Urban Studies, Urban Studies Journal Limited, vol. 43(3), pages 627-652, March.
- Thomas Reardon & Spencer Henson & Julio Berdegué, 2007. "'Proactive fast-tracking' diffusion of supermarkets in developing countries: implications for market institutions and trade," Journal of Economic Geography, Oxford University Press, vol. 7(4), pages 399-431, July.
- Fuller, Wayne A. & Battese, George E., 1974. "Estimation of linear models with crossed-error structure," Journal of Econometrics, Elsevier, vol. 2(1), pages 67-78, May.
- Artis, Michael & Nixson, Frederick, 2007. "Economics of the European Union," OUP Catalogue, Oxford University Press, edition 4, number 9780199298969, December.
When requesting a correction, please mention this item's handle: RePEc:kob:dpaper:dp2011-03. 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: (Office of Promoting Research Collaboration, Research Institute for Economics & Business Administration, Kobe University)
If references are entirely missing, you can add them using this form.