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Jan25 Ext Update Irwin2
1. Wal-Mart in the Local Economy Elena Irwin, Associate Professor AED Economics
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3. Wal-Mart Stores and Average Sales per Store, 1985-2004 (Basker and Van, 2005)
4. Wal-Mart Growth, 1962-2005 By Thomas Holmes, U Minnesota Website: http://www.econ.umn.edu/~holmes/research.html
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6. The Economics of Wal-Mart Increased market size Lower unit costs Lower prices Technological innovation Increased purchases from offshore manufacturers Increased sales Low wages
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10. Source: Hausman and Liebtag, 2005 Supercenters include Wal-Mart and other discount food retailers and mass merchandisers Supermarkets includes Krogers, Safeway and other traditional grocerers Average price ratios (1998-2001) in six U.S. metro areas