Open AccessThe analysis of factors affecting the household savings as a part of food security management
Author(s) -
Г. Прунцева,
Stepan Davymuka,
Valentyna Yakubiv,
Taras Vasyltsiv,
Iryna Anhelko,
Inna Irtyshcheva,
Yuliia Maksymiv,
Iryna Hryhoruk,
Rostyslav Bilyk,
Nazariy Popadynets
Publication year - 2021
Publication title -
international journal of data and network science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.296
H-Index - 7
eISSN - 2561-8156
pISSN - 2561-8148
DOI - 10.5267/j.ijdns.2021.7.004
Subject(s) - purchasing power , food security , business , government (linguistics) , investment (military) , purchasing , agriculture , economics , public economics , economic growth , politics , marketing , ecology , linguistics , philosophy , political science , keynesian economics , law , biology
Ensuring household food security should be a priority goal of state policy. The level of ensuring household food security reflects the state of the country's economic development and the effectiveness of agricultural policy. Household food security is achieved by ensuring a high level of purchasing power of households, which is possible by increasing income. Savings are the “safety cushion” for households during the financial and economic crisis caused by the coronavirus pandemic. The level of household savings is important both for the households themselves and for the country's economy, since savings, on the one hand, help to avoid hunger during crises, and, on the other hand, are an important investment resource for the country's economy. That is why assessing the level of household savings and identifying factors affecting savings are important aspects of building an effective government policy in the field of food security.