COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the Eurozone
COVID-19 has had a negative impact on the living conditions of people in all countries worldwide. With a devastating economic crisis where many families are finding it difficult to pay bills and make ends meet, increases in prices of food basket staples can be very worrying. This study examines the...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-05-01
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| Series: | Foods |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2304-8158/10/6/1179 |
| _version_ | 1797532860872130560 |
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| author | Belén Gutiérrez-Villar Rosa Melero-Bolaños Mariano Carbonero-Ruz |
| author_facet | Belén Gutiérrez-Villar Rosa Melero-Bolaños Mariano Carbonero-Ruz |
| author_sort | Belén Gutiérrez-Villar |
| collection | DOAJ |
| description | COVID-19 has had a negative impact on the living conditions of people in all countries worldwide. With a devastating economic crisis where many families are finding it difficult to pay bills and make ends meet, increases in prices of food basket staples can be very worrying. This study examines the relationship between the incidence of the pandemic during the first wave in 16 Eurozone countries with the variation experienced in food prices. We analysed the harmonised index of consumer food prices (included in HICP) and the classification of the degree of pandemic impact by country, the latter established with the index of deaths provided by the Johns Hopkins Center. The procedure used compared actual food prices during the first wave (March to June 2020) with those foreseeable in the absence of the pandemic. Time series analysis was used, dividing the research period into two phases. In both phases, the Holt–Winters model was applied for estimation and subsequent prediction. After a contrast using Kendall’s tau correlation index, it was concluded that in the countries with the highest death rates during the first wave, there was a higher increase in food prices than in the least affected countries of the Eurozone. |
| first_indexed | 2024-03-10T11:06:23Z |
| format | Article |
| id | doaj.art-66929e6b84fa4ee3be485438a75549fb |
| institution | Directory Open Access Journal |
| issn | 2304-8158 |
| language | English |
| last_indexed | 2024-03-10T11:06:23Z |
| publishDate | 2021-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Foods |
| spelling | doaj.art-66929e6b84fa4ee3be485438a75549fb2023-11-21T21:06:08ZengMDPI AGFoods2304-81582021-05-01106117910.3390/foods10061179COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the EurozoneBelén Gutiérrez-Villar0Rosa Melero-Bolaños1Mariano Carbonero-Ruz2Departamento de Gestión Empresarial, Universidad Loyola Andalucía, Escritor Castilla Aguayo 4, 14014 Córdoba, SpainDepartamento de Gestión Empresarial, Universidad Loyola Andalucía, Escritor Castilla Aguayo 4, 14014 Córdoba, SpainDepartamento de Métodos Cuantitativos, Universidad Loyola Andalucía, Escritor Castilla Aguayo 4, 14014 Córdoba, SpainCOVID-19 has had a negative impact on the living conditions of people in all countries worldwide. With a devastating economic crisis where many families are finding it difficult to pay bills and make ends meet, increases in prices of food basket staples can be very worrying. This study examines the relationship between the incidence of the pandemic during the first wave in 16 Eurozone countries with the variation experienced in food prices. We analysed the harmonised index of consumer food prices (included in HICP) and the classification of the degree of pandemic impact by country, the latter established with the index of deaths provided by the Johns Hopkins Center. The procedure used compared actual food prices during the first wave (March to June 2020) with those foreseeable in the absence of the pandemic. Time series analysis was used, dividing the research period into two phases. In both phases, the Holt–Winters model was applied for estimation and subsequent prediction. After a contrast using Kendall’s tau correlation index, it was concluded that in the countries with the highest death rates during the first wave, there was a higher increase in food prices than in the least affected countries of the Eurozone.https://www.mdpi.com/2304-8158/10/6/1179food pricesCOVID-19EurozoneHolt–Winters model |
| spellingShingle | Belén Gutiérrez-Villar Rosa Melero-Bolaños Mariano Carbonero-Ruz COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the Eurozone Foods food prices COVID-19 Eurozone Holt–Winters model |
| title | COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the Eurozone |
| title_full | COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the Eurozone |
| title_fullStr | COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the Eurozone |
| title_full_unstemmed | COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the Eurozone |
| title_short | COVID-19′s First Wave: Examination of Impact on Food Purchasing Behaviour in the Eurozone |
| title_sort | covid 19 s first wave examination of impact on food purchasing behaviour in the eurozone |
| topic | food prices COVID-19 Eurozone Holt–Winters model |
| url | https://www.mdpi.com/2304-8158/10/6/1179 |
| work_keys_str_mv | AT belengutierrezvillar covid19sfirstwaveexaminationofimpactonfoodpurchasingbehaviourintheeurozone AT rosamelerobolanos covid19sfirstwaveexaminationofimpactonfoodpurchasingbehaviourintheeurozone AT marianocarboneroruz covid19sfirstwaveexaminationofimpactonfoodpurchasingbehaviourintheeurozone |