From Perception to Action: The Influence of Distrust in Government on Panic Buying in the COVID-19 Era

Emre Sari

No 1304, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: This research explores the complex dynamics of panic buying during the COVID-19 pandemic. Using a comprehensive cross-sectional dataset from an online survey conducted in T¨urkiye, I employ the control function approach to examine the psychological and societal effects of the pandemic. The results show a strong positive association between the perceived adequacy of government protective measures and panic buying behavior. Moreover, the study uncovers the mediating role of individual anxiety levels in this association, highlighting the complexity of this behavior. These findings underscore the need to consider psychological components when developing crisis management strategies, particularly in health emergencies.

Keywords: Panic Buying; COVID-19 Pandemic; Government Response; Anxiety; Trust; Consumer Behavior (search for similar items in EconPapers)
JEL-codes: D01 D91 I12 I18 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:1304

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