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Vol.9, No.4, November 2020. ISSN: 2217-8309 eISSN: 2217-8333
TEM Journal
TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS Association for Information Communication Technology Education and Science |
Food Affordability and Economic Growth
Ruslan Mudrak, Volodymyr Lagodiienko, Nataliia Lagodiienko, Vitalii Rybchak
© 2020 Ruslan Mudrak, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)
Citation Information: TEM Journal. Volume 9, Issue 4, Pages 1571-1579, ISSN 2217-8309, DOI: 10.18421/TEM94-32, November 2020.
Received: 06 September 2020. Revised: 16 October 2020.
Abstract:
The conducted correlation-andregression analysis revealed a close inverse connection between the functional characteristic "share of the expenditures for food and non-alcoholic beverages in the structure of the total expenditures of the households" and the factorial characteristic "GDP per capita by purchasing power parity, at constant prices". The response of the share of food expenditures in the structure of the total expenditures of the households to per capita GDP growth corresponds to the law of diminishing returns. The pattern is manifested in the long-term period.
Keywords –food security, food availability, food affordability, economic growth, law of diminishing returns. |
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