FACTORS INFLUENCING HOUSEHOLD EDIBLE OILS AND FATS IN TURKISH ECONOMY
The Journal of Animal & Plant Sciences, 27(6): 2017, Page: 2003-2013
Department of Agricultural Economics, Faculty of Agriculture, Atatürk University, 25240 Erzurum / Turkey
Corresponding Author’s e-mail: firstname.lastname@example.org
Study was conducted to observe the factors affecting household expenses of edible oils and fats in Turkey using a two-stage Seemingly Unrelated Regression (SUR) with data from Turkish Statistical Institute (TUIK) of 2012 household budget survey. An empirical test was conducted to show the primacy of SUR over Ordinary Least Squares (OLS) procedure. In addition, household-heads and household-related characteristics are used to determine likelihoods of household spending and levels of expenditures in oils and fats consumption. Results provide that most of these factors play key role in making consumption expenditure on edible oils and fats, while less effect were observed in the levels of expenditures. Findings revealed that due to increase in total food expenditure, the expenditures on butter, margarine and vegetable oils, olive oils and other edible fats also increase.
Keywords: Oils and fats consumption; regression models; Turkey