Distributive Trade and Economic Growth: Eu28 Evidence for the Period 2008-2015

Abstract

The purpose of this paper is to appoint the causality between economic activity in the sector of distributive trade and the economic growth of 28 European Union nations. Specifically, it examines the impact of changes in turnover per employee in the distributive trade sector in EU member states on the tangible economic growth rate. The determination to adopt this approach stems from the fact that existing studies mainly explore indirect relationship between economic activities in distributive trade and economic development, with less focus on the direct impact of distributive trade on economic growth. The paper utilizes information for the period from 2008 to 2015. The research relies on multiple regression model, with the Hausman test its robustness. The results indicate that a hike in turnover per employee in the distributive trade sector by 10 euros per year in one EU member state increases its real economic growth rate by 0.15% in that same year. The significance of the made results is reflected in the fact that the survey takes into account the last economic crisis, and highlights negative effects of final consumption expenditure of general government % GDP on the tangible economic growth rate in EU member states.

Macroeconomic Stability and Transport Companies’ Sustainable Development in the Eastern European Union

“…One crucial factor for sustainable development is macroeconomic stabilization, which means lasting economic balance (internal and external) in both the real and monetary aspects (establishing a macroeconomic system characterized by an equilibrium of flows and stocks alike). It eliminates uncertainty in business and boosts future economic activity growth (Kołodko, 1993;Sokolov Mladenović et al, 2019;Chang, 2020).…”

Assessment of Economic Convergence Among Countries in the European Union

“…Quantification of economic development in the countries. Literature analysis shows that the country's level of economic development is mostly measured by gross domestic product per capita (Cook & Davíšsdóttir, 2021;Aitken, 2019;Kalimer et al, 2020;Sokolov Mladenović et al, 2019). This indicator is defined as the final market value of goods and services developed in a country over a period of time.…”

Comparative Impact of Logistics Performance Index, Ease of Doing Business and Logistics Cost on Economic Development: A Fuzzy Qca Analysis

“…The research area of economic development in logistics and growth perspective has been extensively researched by research scholars. Various fields of logistics and supply chain such as logistics infrastructure (Wang et al, 2021), correlation between logistics and economics (Can et al, 2021), the distributive trade and economic growth (Mladenović et al, 2019), the technological advancements, development leading to economic development, (Lampropoulos et al, 2019) have been researched. Global institutions such as World Bank, evaluates and publishes indexes to rank economies on the international recognition parameters.…”