Government or invisible hand? Who is in charge of retail food prices? Evidence from the Baltics

Morkūnas, Mangirdas; Volkov, Artiom; Galnaitytė, Aistė

doi:10.14254/2071-8330.2019/12-3/12

Cited by 5 publications

(5 citation statements)

References 35 publications

(38 reference statements)

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“…and personal-relevant factors (age, gender, income) (Pan and Zinkhan, 2006). Other studies included customer satisfaction (Ngo & Pavelková, 2017;Babin, Darden, & Griffin 1994), loyalty (Suebsaiaun & Pimolsathean, 2018;Ngo & Pavelková, 2017), food prices (Morkūnas et al, 2019), and WOM (Lacey, Suh & Morgan, 2007) as well.…”

Section: Retail Patronage and Customer Loyaltymentioning

confidence: 99%

The role of self-congruity in the retail store patronage model: The case of Islamic retail stores in Indonesia and Malaysia

Aji¹,

Husin²,

Muafi³

2020

Journal of International Studies

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Retail industry contributes significantly to national economies. Currently, Islamic retail stores become another phenomenon in Indonesia and Malaysia. Previous studies investigated Muslim customers' preferences to patronage Islamic retail stores rather than conventional ones. Therefore, the purpose of this paper is twofold: to test and validate Islamic retail patronage behavior framework and to compare Islamic retail patronage among the customers between Indonesia and Malaysia. 302 retail customers in Indonesia and 308 retail customers in Malaysia were selected, the purposive sampling method was used. The hypotheses were tested by applying structural equation modeling. Out of ten hypotheses, eight were supported. A multi-group analysis of invariance was also performed on these two samples. The results reveal that there is no significant difference in Islamic retail patronage behavior among Indonesia and Malaysia consumers, thus suggesting that the measurement model may be robust across cultures and that the factor loading pattern and factor loadings appeared to be equivalent across the cultures examined. The results were further discussed

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Section: Retail Patronage and Customer Loyaltymentioning

confidence: 99%

The role of self-congruity in the retail store patronage model: The case of Islamic retail stores in Indonesia and Malaysia

Aji¹,

Husin²,

Muafi³

2020

Journal of International Studies

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“…These effects started threatening the proper functioning of the agricultural sector [19]. In order to avoid this and assure the provision of safe and affordable food for its citizens, which is considered one of the main government functions [20], state authorities started an extensive financial aid program aimed at supporting farmers [21]. However, due to time constraints and a lack of scientific background, some of these measures were deemed not very effective [22].…”

Section: Introductionmentioning

confidence: 99%

Policies for Rapid Mitigation of the Crisis’ Effects on Agricultural Supply Chains: A Multi-Criteria Decision Support System with Monte Carlo Simulation

et al. 2021

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This paper proposes an integrated approach towards rapid decision-making in the agricultural sector aimed at improvement of its resilience. Methodologically, we seek to devise a framework that is able to take the uncertainty regarding policy preferences into account. Empirically, we focus on the effects of COVID-19 on agriculture. First, we propose a multi-criteria decision-making framework following the Pugh matrix approach for group decision-making. The Monte Carlo simulation is used to check the effects of the perturbations in the criteria weights. Then, we identify the factors behind agricultural resilience and organize them into the three groups (food security, agricultural viability, decent jobs). The expert survey is carried out to elicit the ratings in regard to the expected effects of the policy measures with respect to dimensions of agricultural resilience. The case of Lithuania is considered in the empirical analysis. The existing and newly proposed agricultural policy measures are taken into account. The measures related to alleviation of the financial burden (e.g., credit payment deferral) appear to be the most effective in accordance with the expert ratings.

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“…On the demand side, the most important factors which have the impact on the prices of agricultural produce are connected with an increase of population of people, an economic growth and changes of models in the developed countries in the direction of high-quality agricultural produce (Rezitis & Sassi, 2013). Those factors may be perceived as the main reason for increased food prices, as well as variability, especially when there are no reserves (Prakash, 2011;Ivashkiv, 2019;Morkūnas et al, 2019;Sánchez-López et al, 2019). The Gross Domestic Product is responsible for a considerable part of the total movements of agricultural prices in the years 1971-2008(Gilbert, 2010.…”

Section: Supply-demand Conditions Of Price Levels In Agriculturementioning

confidence: 99%

Causality of the relationship between wheat prices and economic conditions - an evidence for sustainable development

Przekota¹,

Szczepańska-Przekota²,

Mentel³

et al. 2020

Journal of International Studies

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The research indicates that the industrial model with the metaphor of "cheap and abundant food" ravaged the natural environment, degrading ecosystems at the same time. Thus, a fundamental challenge to agriculture appeared, which also applies to agricultural holdings, i.e.: an increasing agricultural production without increasing environmental pressure using the concept of sustainable development (GOS, 2011). Creating a sustainable agricultural development path means an improvement of the quality of life in rural Abstract. In the recent years agriculture as a branch of economy has been the subject of large transformations. Agricultural holdings have played a very important role for the sustainable socioeconomic development. Agriculture is becoming more modern but its contribution to GDP is decreasing. The question as to the connection between the condition of the agricultural market and economy-wide conditions and sustainable development seems to be fundamental. This is the objective of this paper. Based on wheat prices and in the US, the UK, France and Poland in the years 2000-2018, the connection between these variables was determined. The tests for causality were carried, and the auto-regression VAR model was built. The general conclusions are consistent. It is evident that economy-wide conditions indeed depend on the prices of agricultural produce from the previous periods. High prices for agricultural produce and, in particular those of wheat, weaken future economic conditions. This conclusion for Poland and France is strong, while it is weaker for the UK and the US.

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Government or invisible hand? Who is in charge of retail food prices? Evidence from the Baltics

Cited by 5 publications

References 35 publications

The role of self-congruity in the retail store patronage model: The case of Islamic retail stores in Indonesia and Malaysia

The role of self-congruity in the retail store patronage model: The case of Islamic retail stores in Indonesia and Malaysia

Policies for Rapid Mitigation of the Crisis’ Effects on Agricultural Supply Chains: A Multi-Criteria Decision Support System with Monte Carlo Simulation

Causality of the relationship between wheat prices and economic conditions - an evidence for sustainable development

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