Assessing dynamic stability of economic development of global food markets in the context of globalization
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Author(s)Mykola SychevskiyLink to ORCID Index: https://orcid.org/0000-0002-5672-9189
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Olga KovalenkoLink to ORCID Index: https://orcid.org/0000-0001-8364-3316
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Liudmyla DeinekoLink to ORCID Index: https://orcid.org/0000-0003-0540-5413
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Lyudmyla YashchenkoLink to ORCID Index: https://orcid.org/0000-0002-4893-8191
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DOIhttp://dx.doi.org/10.21511/ppm.20(2).2022.31
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Article InfoVolume 20 2022, Issue #2, pp. 372-388
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- 445 Views
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173 Downloads
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Creative Commons Attribution 4.0 International License
The global food market is in constant transformation. Cyclical fluctuations and force majeure (financial crises, epidemics, military actions) affect the volumes of production, consumption, exports and imports of food products. Therefore, the study of the dynamic stability of the growth of world food markets is especially relevant. The purpose of the study is to assess the dynamic stability of economic growth in the world food markets: cheese, butter and sugar. The study used general scientific and special methods: dialectical and logical to summarize the scientific foundations for ensuring the sustainable development of world food markets; regression analysis – to determine the direction of market development; variational analysis – to determine the sustainability of market development. The advantage of the approach proposed in the paper is the assessment of the direction of development by the regression coefficients and the amplitude of fluctuations by the average percentage of deviations from the trend, which allows more correct interpretation of the results than when using only the coefficient of variation, which takes into account changes around the average value. It is established that the world markets for cheese, butter and sugar from 2011 to 2020 are characterized by dynamically stable growth in production, consumption, exports and imports. However, the markets of individual countries have developed unevenly: cheese production is most attractive and less risky in the EU, Brazil and South Korea; butter production in the EU and India; sugar production – in the USA, India, Algeria. Forecast calculations confirm the likelihood of growth in these markets.
- Keywords
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JEL Classification (Paper profile tab)C22, C62, L66, Q11, Q18
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References25
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Tables10
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Figures1
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- Figure 1. Algorithm for assessing the dynamic stability of sectoral food markets’ growth
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- Table 1. Comparison of the traditional and improved approaches to assessing dynamic stability of the growth of the global cheese market in 2011−2020
- Table 2. Comparison of the traditional and improved approaches to assessing dynamic stability of the growth of the global butter market in 2011−2020
- Table 3. Comparison of the traditional and improved approaches to assessing dynamic sustainability of the growth of the global sugar market in 2011−2020
- Table 4. Investment attractiveness and risks of investing in the global cheese market
- Table 5. Investment attractiveness and risks of investing in the global butter market
- Table 6. Investment attractiveness and risks of investing in the global sugar market
- Table A1. Coefficient of variation for the dynamic set of indicators of the global cheese market
- Table A2. Coefficient of variation for the dynamic set of indicators of the global butter market
- Table A3. Coefficient of variation for the dynamic set of indicators of the global sugar market
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Impact on poverty and income inequality in Malaysia’s economic growth
Rabiul Islam ,
Ahmad Bashawir Abdul Ghani ,
Irwanshah Zainal Abidin ,
Jeya Malar Rayaiappan
doi: http://dx.doi.org/10.21511/ppm.15(1).2017.05
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Anthony Olugbenga Adaramola ,
Oluwabunmi Dada
doi: http://dx.doi.org/10.21511/imfi.17(2).2020.01
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Formalization of the impact of imbalances in the movement of financial resources on economic growth of countries in Central and Eastern Europe
Serhiy Kozmenko ,
Maxim Korneyev
doi: http://dx.doi.org/10.21511/afc.01(1).2017.06
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