The Giffene effect and the paradoxes of potato and cereal consumption by Russian households, with real incomes falling

The author analyzes the characteristics of potato and cereal consumption, including bread, by the population of Russia in the context of real monetary incomes decrease in 2013–2016. The analysis is carried out for income deciles, showing certain peculiarities in consumer preferences and behavior which are not typical of developed nations.

Keywords

food expenditures in consumer spending, consumption of bread, cereals and potatoes by 10 percent household groups (deciles), normal products (products of the highest category), inferior products (products of the lower category), the Giffen effect

Received

13.02.2019

Publication date

13.02.2019

Number of characters

22669

Cite

GOST	Emelyanov D. The Giffene effect and the paradoxes of potato and cereal consumption by Russian households, with real incomes falling // Obshchestvo i ekonomika – 2019. – Issue 1 C. 69-79 [Electronic resource]. URL: https://oie.jes.su/S020736760003830-2-1 (circulation date: 18.04.2024). DOI: 10.31857/S020736760003830-2
MLA	Emelyanov, D. "The Giffene effect and the paradoxes of potato and cereal consumption by Russian households, with real incomes falling." Obshchestvo i ekonomika 1 (2019):69-79. DOI: 10.31857/S020736760003830-2
APA	Emelyanov D. (2019). The Giffene effect and the paradoxes of potato and cereal consumption by Russian households, with real incomes falling. Obshchestvo i ekonomika (1), pp.69-79 DOI: 10.31857/S020736760003830-2

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