Abstract
In the United States, individuals spend more than half of their food expenditures on food away from home (FAFH), and this trend is growing. This study aims to examine the factors that impact FAFH from a macroeconomic perspective. Macroeconomic and FAFH spending data from January 1997 to February 2020 were obtained from the various databases. The results reveal that the unemployment rate, Consumer Price Index (CPI), stock index, and oil price had a significant negative influence on both nominal and constant FAFH spending percentage, and oil price had a significant positive influence on constant FAFH spending percentage. This study contributes to the literature by concen-trating on FAFH consumption, given that the extant literature focuses on household overall spending patterns. It also provides policymakers a better understanding of FAFH activities that are related to small business viability and community development.
| Original language | English |
|---|---|
| Article number | 5 |
| Pages (from-to) | 30-40 |
| Number of pages | 11 |
| Journal | Journal of Hospitality Financial Management |
| Volume | 29 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Jul 2021 |
| Externally published | Yes |
Keywords
- Consumption
- Economic impact
- FAFH spending
- Food away from home
- Macroeconomics
ASJC Scopus subject areas
- Finance
- Tourism, Leisure and Hospitality Management
- Strategy and Management
