The Impact of Population Income Growth on Bread Consumption

Daniela Maracine (), Lăcrămioara Alina Dracea () and Maria Girip ()
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Daniela Maracine: The Bucharest University of Economic Studies
Lăcrămioara Alina Dracea: The Bucharest University of Economic Studies
Maria Girip: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 1, 341-344

Abstract: The income of the population is the main decision-making factor of consumption, being the main source through which the goods intended for consumption are purchased. This paper analyzes the influence of income growth on the consumption of bread and loaf products, considered basic foods in the diet of Romanians. With the help of the Data Analysis program, Pearson correlation coefficient will be determined, based on income and consumption data for 2016-2020, provided by the National Institute of Statistics. The direction and intensity of the influence of income on consumption will be identified. The results will show that as the income values of a household increase, the consumption of bread and bread products decreases, one reason being the replacement of bread with other foods, the transition to a more balanced diet, in which bread is consumed in a well-defined quantity.

Keywords: bread consumption; people's income; income-consumption correlation; market (search for similar items in EconPapers)
JEL-codes: D1 D16 E01 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:341-344

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