2020
DOI: 10.1080/1331677x.2020.1819850
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The microeconomic approach to food demand modelling: empirical results for Croatian households

Abstract: This paper provides a detailed analysis of food expenditures of Croatian households by using microeconomic approach and food system modelling. The aim is to provide the in-depth research of Croatian food demand using a methodology that process household-level consumption data. Consequently, we estimate various economic and socio-demographic parameters affecting aggregate demand for food and empirically derive different food demand elasticities. QUAIDS model have been used in order to perform simultaneous model… Show more

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Cited by 5 publications
(4 citation statements)
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“…Well-being is closely related to a feeling of sense, relations, finance, community, and physical conditions and is studied in two ways: subjective and objective (Mjeda et al, 2021;Wosczyk, 2020). Subjective well-being asks people about their thinking and feelings about their well-being and includes life satisfaction, positive emotions, and their lives.…”
Section: The Rationale For Financial Intelligence and Financial Intel...mentioning
confidence: 99%
See 1 more Smart Citation
“…Well-being is closely related to a feeling of sense, relations, finance, community, and physical conditions and is studied in two ways: subjective and objective (Mjeda et al, 2021;Wosczyk, 2020). Subjective well-being asks people about their thinking and feelings about their well-being and includes life satisfaction, positive emotions, and their lives.…”
Section: The Rationale For Financial Intelligence and Financial Intel...mentioning
confidence: 99%
“…First, we identified four key areas of personal finance that are relevant to financial intelligence: 1) earnings and expenses (Suryanto et al 2018); 2) asset planning (saving, investment, retirement planning, career planning) (Kodila-Tedika & Asongu, 2015;Suryanto et al, 2018;Halimatussakdiyah & Sudarma, 2019); 3) financial liabilities (Kamil et al, 2014;Mjeda et al, 2021); and 4) risk and protection (Kamil et al, 2014;Wosczyk, 2020;Mikušová et al, 2023). Guidelines for the proper handling of personal finances in these four areas were developed to serve as benchmarks of financial intelligence (Table 1).…”
Section: Financial Intelligence Quotient Measurement Conceptual Modelmentioning
confidence: 99%
“…This is because Marshallian demand elasticities are based on constant nominal income, while Hicksian (compensated) demand elasticities are based on the assumption of constant real income. The substitutability feature of Hicksian elasticities thus creates a much larger space for policy measures (Mjeda et al, 2021). For instance, when most of the food items are substitutes, policy makers may use differentiated Value Added Taxes (VAT) to motivate consumption of healthy diets.…”
Section: Compensated and Uncompensated Own-price Elasticitymentioning
confidence: 99%
“…However, it must not sacrifice its other attributes, such as aroma, taste, appearance, and other characteristics consumers value. Food expenses comprise a substantial portion of household budgets (Mjeda et al, 2020), so there's a vital economic component to consider when formulating dietary plans. The concept of functional food, a relatively recent emergence from the late 20th century, bridges the gap between healthcare and individual nutrition.…”
Section: Introductionmentioning
confidence: 99%