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The impact of demographic factors on consumer purchasing preferences in developing countries: empirical evidence from Kosovo
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Abstract This paper analyses the role and the level of impact that different demographic factors have on buying preferences during the selection process between local and imported goods in developing and emerging economies, with a specific focus on the Kosovo region. A total of 630 questionnaires were distri... view more
This paper analyses the role and the level of impact that different demographic factors have on buying preferences during the selection process between local and imported goods in developing and emerging economies, with a specific focus on the Kosovo region. A total of 630 questionnaires were distributed, from which 536 valid responses and an empirical study is applied to test the hypothesis. A probability sample (randomly selected), which was stratified by seven regions throughout the country was applied, by covering all levels of the society, cultural background, different locations (urban and rural), different levels of education, and income. Some of the respondents have shown a preference for imported goods and were willing to pay a price premium for it based on the quality offered by top producers (around 41.79%). Whereas, 58.21% of respondents prefer local products. It is proven that there is a correlation between demographic factors and buying preferences process when deciding between local and imported products. Whereas, price is considered as the main factor in the buying process in developing countries, due to the low income, whereas the level of imported products depends on the country’s ability to fulfill the local needs with local products.... view less
Keywords
developing country; newly industrializing countries; buying behavior; import; preference; socioeconomic factors; demographic factors; consumption behavior; Kosovo
Classification
Sociology of Economics
Free Keywords
Local; Imported; Purchasing; Advantages; Covid-19; Pandemic
Document language
English
Publication Year
2022
Page/Pages
p. 98-115
Journal
Journal of Liberty and International Affairs, 8 (2022) 1
ISSN
1857-9760
Status
Published Version; peer reviewed