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

Publication type Article
Status Published
Affiliation: Ryazan State Medical University (RSMU)
Address: Russian Federation
Journal nameObshchestvo i ekonomika
EditionIssue 1

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. 

Keywordsfood 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
Publication date13.02.2019
Number of characters22669
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