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Demand for food away from home in Slovakia

journal contribution
posted on 2023-10-29, 11:01 authored by Andrej Cupak, Jan Pokrivcak, Marian RizovMarian Rizov

We analyze demand for food away from home (FAFH) in Slovakia by means of a doublehurdlemodel using recent Slovak Household Budget Survey data covering the period2006–2012. The estimated unconditional income elasticity of FAFH demand (1.37)demonstrates that away-from-home eating is still perceived as a luxury by Slovakhouseholds. An important feature of our applied theoretical framework is measurementof the effect of a wife?s opportunity cost of time. Results indicate that households wherethe wife is employed have significantly higher expenditure on FAFH compared to householdswhere the wife is unemployed or a housewife. Further FAFH market growth can beexpected in Slovakia in the future, driven by rising GDP, increasing participationof women in the job market, demographic changes towards an increase in the proportionof single-person households, and adoption of more individualistic lifestyles.

History

School affiliated with

  • Lincoln Business School (Research Outputs)

Publication Title

Finance a úv?r: Czech Journal of Economics and Finance

Volume

66

Issue

4

Pages/Article Number

354-369

Publisher

Charles University in Prague

ISSN

0015-1920

eISSN

2464-7683

Date Submitted

2016-08-13

Date Accepted

2016-01-01

Date of First Publication

2016-08-04

Date of Final Publication

2016-08-04

Date Document First Uploaded

2016-08-12

ePrints ID

23725

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