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Demand for Food Away from Home in Slovakia

Andrej Cupak, Jan Pokrivcak and Marian Rizov ()

Czech Journal of Economics and Finance (Finance a uver), 2016, vol. 66, issue 4, 354-369

Abstract: We analyze demand for food away from home (FAFH) in Slovakia by means of a double-hurdle model using recent Slovak Household Budget Survey data covering the period 2006–2012. The estimated unconditional income elasticity of FAFH demand (1.37) demonstrates that away-from-home eating is still perceived as a luxury by Slovak households. An important feature of our applied theoretical framework is measurement of the effect of a wife's opportunity cost of time. Results indicate that households where the wife is employed have significantly higher expenditure on FAFH compared to households where the wife is unemployed or a housewife. Further FAFH market growth can be expected in Slovakia in the future, driven by rising GDP, increasing participation of women in the job market, demographic changes towards an increase in the proportion of single-person households, and adoption of more individualistic lifestyles.

Keywords: demand; double-hurdle model; food away from home; Slovakia (search for similar items in EconPapers)
JEL-codes: C21 C24 D12 (search for similar items in EconPapers)
Date: 2016
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Working Paper: Demand for food away from home in Slovakia (2015) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:66:y:2016:i:4:p:354-369

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