Factors Influencing the US Retail Sales: An Empirical Analysis

Authors

  • Chu V. Nguyen College of Business, University of Houston–Downtown, Houston, Texas, USA. Author
  • Mihai Nica Assistant Professor of Economics, University of Central Oklahoma, Edmond, OK, USA. Author
  • Utpal Bose Associate Professor of MIS, University of Houston Downtown, Houston, TX, USA. Author

DOI:

https://doi.org/10.62345/jads.2015.4.3.3086

Abstract

This study documents that fluctuations in the current monthly US retail sales are strongly affected by their lagged changes and changes in (i) Real Disposable Personal Income, (ii) S&P 500 equity index, (iii) University of Michigan Consumer Sentiment, (iv) Consumer Price Index for All Urban Consumers: All Items, (v) Civilian Unemployment Rate, (vi) Trade Weighted U.S. Dollar Index: Major Currencies, and (vii) lagged changes of these variables. The empirical findings, particularly the time lags, provide useful information for national policy makers to formulate their countercyclical policies and for retail sales management to predict their sales in order to effectively manage their operations.

Author Biographies

  • Chu V. Nguyen, College of Business, University of Houston–Downtown, Houston, Texas, USA.

    Associate Professor of Economics and Finance and Chair, FAMIS Department, College of Business, University of Houston–Downtown, Houston, Texas, USA.
    Email: nguyenchu@uhd.edu

  • Mihai Nica, Assistant Professor of Economics, University of Central Oklahoma, Edmond, OK, USA.

    Assistant Professor of Economics, University of Central Oklahoma, Edmond, OK, USA.

  • Utpal Bose, Associate Professor of MIS, University of Houston Downtown, Houston, TX, USA.

    Associate Professor of MIS, University of Houston Downtown, Houston, TX, USA.

Downloads

Published

2015-09-30

Issue

Vol. 4 No. 3 (2015): Journal of Asian Development Studies, Volume 4, Issue 3 (September 2015)

Section

Articles

How to Cite

Factors Influencing the US Retail Sales: An Empirical Analysis. (2015). Journal of Asian Development Studies, 4(3), 7-13. https://doi.org/10.62345/jads.2015.4.3.3086