The Analysis of Food Security and Related Macroeconomic Indicators in a selected country

Abylaikhan Seitenov

Bachelor's thesis

Abstract:

In recent years, global pandemics, climate change, and local military conflicts have led to multiple crises. All these adverse events have heightened the urgency with which food security issues are discussed. This bachelor thesis focuses on the very concept of food security and the macroeconomic indicators associated with it, using the example of the United States of America. The main goal of the thesis is to conduct a thorough analysis of food security in the United States and to disclose the relationship between it and selected macroeconomic indicators (GDP per capita, unemployment, inflation, and real interest rate) that may affect food security. Having analyzed the main pillars of the latter the following proxies were selected: food production index, poverty rate, prevalence of stunting, and food imports. The collected data cover the period from 2000 to 2021. The methodology used in the bachelor thesis rests on the analysis of descriptive statistics, trend functions, Spearman and Pearson correlation coefficients, statistical significance, and regression modeling. Basic econometric tests, namely the normality test, the autocorrelation test, and the heteroskedasticity test, were used to evaluate the validity of the regression model. Among the most atypical is the assumption that the growth of poverty is facilitated by more affordable loans for the population. The results obtained based on the analysis show the existing relationship between macroeconomic indicators and food security indicators.

Keywords

Food Security, macroeconomic, United States of America, linear regression, Spearman correlation, trend function, Pearson correlation, GDP per capita, unemployment, inflation, real interest rate, food production index, poverty rate, prevalence of stunting, descriptive statistics

Language used: English

Date on which the thesis was submitted / produced: 17. 3. 2024

Thesis defence

• Supervisor: Mgr. Elena Kuzmenko, Ph.D.
• Reader: Pavel Kotyza, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration