Comparison of the income development and the food demand elasticities of the private households in Slovakia
Ľ. Kubicová, Z. Kádekováhttps://doi.org/10.17221/36/2010-AGRICECONCitation:Kubicová Ľ., Kádeková Z. (2011): Comparison of the income development and the food demand elasticities of the private households in Slovakia. Agric. Econ. – Czech, 57: 404-411.
The paper deals with assessing the development of monetary incomes and expenditures of the Slovak households for food using the classification of households by income quartiles and by consumer spending. The analysis confirms the significant differences and unbalanced income distribution. Households in the fourth income quartile dispose of 2.8 times higher incomes than the families in the first quartile. There have been analyzed the food groups that in terms of expenditures represent the part in the food basket higher than 6%. The results confirm that income differentiation of households is also reflected in their different behavior in the food market. The demand changes most sensitive to income changes are those of the households with the lowest incomes. Demand for vegetables, potatoes and tuberous plants shows the highest value of the income elasticity, and in the households with the lowest incomes, the demand for potatoes and vegetables is elastic (EI = 1.165).Keywords:
incomes and expenditures of the households by income quartiles, elasticity of demand for bakery and dairy products, meat and meat products, vegetables and fruits