Feasibility Study of the Food-sharing Model in the Context of Sustainable Economic Development

Jinrui Song, Linxin Ye and Siyuan Zhou ()
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Jinrui Song: Chengdu University of Technology, Department of Oxford Brookes
Linxin Ye: Jiangsu University, Department of Finance and Economics
Siyuan Zhou: Dalian University of Technology, Department of Leicester International Institute

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 608-614 from Springer

Abstract: Abstract The amount of both food supply and food waste can always reflect the economic level of nations, but few types of research done by scholars focused on the relationship between food and economic growth. Many economic growth models are related to the relationship between economic policies, climate changes, labour and economic growth, actually many factors such as food waste and food supply have potential relevance to economic growth. To explore and verify this viewpoint logically, this paper constructs a new Solow model based on the traditional Solow model and the Cobb-Douglas production function. The data of France (a developed country) are selected to analyse the correlation between the amount of food waste and economic growth. The least-square method OLS was used to fit the model function. The result indicates that there exists a positive relationship between the amount of food waste in France and gross domestic product in France. Based on this result, we propose two business models according to food sharing one starts with food wasted by hotel catering businesses, the other is person-to-person food-sharing trading. This business model will not only reduce the problem of food waste but also contribute to the development of economic sustainability.

Keywords: Solow model; economic growth; food waste; food sharing (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-036-7_90

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