Economic affordability of food as a component of the economic security of Ukraine

Economic security can be considered as an economic aspect of the life of an individual or household that provides the opportunity to achieve financial stability and improve living standards. In this context, understanding the impact of economic affordability of food on the economic security of the c...

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Bibliographic Details
Published in:PloS one 2022-03, Vol.17 (3), p.e0263358
Main Authors: Mostenska, Tetiana L, Mostenska, Tetiana G, Yurii, Eduard, Lakner, Zoltán, Vasa, László
Format: Article
Language:English
Subjects:
Biology and Life Sciences
Consumption
Correlation coefficient
Correlation coefficients
Economic analysis
Economic aspects
Economic security
Economics
Expenditures
Family Characteristics
Food
Food - economics
Food security
Food supply
Food Supply - economics
Gross domestic product
Households
Humans
Impact analysis
Income
Indicators
International organizations
Life sciences
Low level
Management
Market size
Medicine and Health Sciences
People and Places
Population
Poverty - economics
Prices and rates
Regression analysis
Security
Social Sciences
Socioeconomic Factors
Standard of living
Ukraine
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Summary:Economic security can be considered as an economic aspect of the life of an individual or household that provides the opportunity to achieve financial stability and improve living standards. In this context, understanding the impact of economic affordability of food on the economic security of the country is of great importance. The authors propose to use the indicator of economic affordability of food for in-depth analysis of the economic security of the country. Indicators that determine the level of economic affordability of food products in Ukraine for 2000-2018 are calculated. The regression analysis made it possible to establish a close relationship between the indicators of food expenditures and the level of GDP per capita, between the level of income and expenditure of food of decile groups. Correlation coefficients between the consumption of six basic foodstuffs and the level of per capita income in Ukraine are determined. The obtained indicators, which determine the economic affordability of food, allow us to conclude that there is a lack of economic protection at the level of individual low-income households. Overcoming economic instability and minimizing the possible consequences of the low level of economic affordability of food should become one of the main tasks of Ukraine's economic security.
ISSN:1932-6203
1932-6203
DOI:10.1371/journal.pone.0263358