Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273322 
Authors: 
Year of Publication: 
2023
Series/Report no.: 
GLO Discussion Paper No. 1304
Publisher: 
Global Labor Organization (GLO), Essen
Abstract: 
This research explores the complex dynamics of panic buying during the COVID-19 pandemic. Using a comprehensive cross-sectional dataset from an online survey conducted in T¨urkiye, I employ the control function approach to examine the psychological and societal effects of the pandemic. The results show a strong positive association between the perceived adequacy of government protective measures and panic buying behavior. Moreover, the study uncovers the mediating role of individual anxiety levels in this association, highlighting the complexity of this behavior. These findings underscore the need to consider psychological components when developing crisis management strategies, particularly in health emergencies.
Subjects: 
Panic Buying
COVID-19 Pandemic
Government Response
Anxiety
Trust
Consumer Behavior
JEL: 
D01
D91
I12
I18
Document Type: 
Working Paper

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