The Analysis of Food Security and Related Macroeconomic Indicators in Russia

Nikita Pershin

Bachelor's thesis

Abstract:

This bachelor thesis is focused on the analysis of food security, where the author is, in particular, interested in analyzing the very concept of food security based on the example of the Russian Federation. The main motivation of the author to conduct the following research were international problems related to the food crisis in the world and also the phenomenon of the climate change, which both endanger the well-being of people all over the world and food security. In addition to the original goal, the author also aims at discovering the most important institutions dealing with food security and finding out if there are any macroeconomic indicators that can perfectly explain various indicators of food security. For the methodology, the author is focused on the correlation analysis conducted based on the time series data from 2000 to 2020 with a subsequent hypothesis testing for each correlation coefficient. Additionally, the author also performs a descriptive analysis of each available variable with the help of measures of central tendency and dispersion. In the conclusion, the author suggests that the country does not experience any significant problems with food security based on the selected time period from 2000 to 2020 covering 21 years, but the stability component seems to be the most troubled one. Additionally, the author concludes that the GDP per capita, exchange rate, inflation, and FDI can be used to explain food security in an accurate way due to the fact that the correlation is significant between the mentioned macroeconomic indicators and variables selected for the description of food security – food production index, poverty rate, the prevalence of undernourishment and unemployment rate based on the example of the Russian Federation.

Keywords

Food Security, Macroeconomic indicators, Statistical Inference

Language used: English

Date on which the thesis was submitted / produced: 18. 3. 2023

Thesis defence

• Date of defence: 23. 5. 2023
• Supervisor: Mgr. Elena Kuzmenko, Ph.D.
• Reader: Helena Řezbová, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Economics and Management