INPROFORUM 2017

The Food Market in the Slovak Republic in Context of Nutritional Recommendations
Iveta Zentková, Elena Hošková, Martin Richter

Language: en
Last modified: 2018-04-10

Abstract


The aim of the paper is to find out how the selected demand determinants positively influence changes in actual consumption of foods in Slovak republic, i.e. how individual economic determinants, such as price and income, affect the efforts to adhere the principles of healthy diet of Slovak consumers. For the price and income effects quantification Marshall’s demand functions were estimated. The higher impact of consumers income, than price, on the demand was revealed by the analyses realization. The estimates of logit model pointed to a highest positive change probability due to change of consumer income and own foods prices by pork (0.98) and beef (0.96).


Keywords


demand; consumer; food market; nutritional recommendations

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