The mutual relations between food product prices and consumer behavior of population in Azerbaijan domestic agricultural market

Sugra İ. Humbatova1,2, Natig G-O. Hajiyev3
1 Azerbaijan State University of Economics (UNEC), International Center for Graduate Education, Department of “Economics and Management”, AZ-1001 Baku, Azerbaijan
2 Baku Engineering University (BEU), Department of “World Economy”, AZ-0101 Xirdalan, Absheron, Azerbaijan
3 Azerbaijan State University of Economics (UNEC), Department “Regulation of economy”, AZ-1001 Baku, Azerbaijan

Abstract

Humbatova, S. İ., & Hajiyev, N. G-O. (2019) The mutual relations between food product prices and consumer behavior of population in Azerbaijan domestic agricultural market. Bulgarian Journal of Agricultural Science, 25(5), 909–919

The purpose of the research is to invistigate the influance of relative changes of food prices to the consumer behavior of population, to study the peculiarities of the socio-economic aspects of food demand and their formation, assessment and prediction of the mutual relations between the capability of payment demand of population and consumer prices index (CPI). Research methodologies are: generalization, grouping, systems approach, statistical and econometric analysis. The results of the research are influence and its assessment of the relative changes of food prices to consumer behavior and food demand of population. Some research limitations appeared in shortage of information in deep and complete researching of consumption in catering and import of food product. Research originality and scientific novelty is: influence of the relative changes of food prices to consumer behavior and food demand of population was analyzed as a complex statistic and econometric. The salary of the state and income policy, social protection events were determined in regulation of their mutual relations. The significance of practice research is influence of producers of the relative changes of food prices to consumer behavior and food demand of population in stimulation domestic food producers and import replacing events, increase of social welfares of population.

Keywords: relative change; food prices; payment demand; population; consumer behavior; ekonometric reviews; prediction

See the article as a PDF.