World Wine Exports: What Determines the Success of New World Wine Producers?

Fuente: arXiv
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Auteurs principaux: Parcero, Osiris Jorge, Villanueva, Emiliano
Format: Preprint
Publié: 2024
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author Parcero, Osiris Jorge
Villanueva, Emiliano
author_facet Parcero, Osiris Jorge
Villanueva, Emiliano
contents By using an econometric approach this paper looks at the evolution of the world wine industry in the period 1961-2005. A particular stylized fact is the appearance of nontraditional producing and exporting countries of wine from the beginning of the nineties. We show that the success of these new producing and exporting countries can be explained by the importance of the demand from non-producing countries with little or no tradition of wine consumption, relative to the world demand. This stylized fact is consistent with a testable implication of the switching cost literature and to the best of our knowledge this is the first time that this implication is tested.
format Preprint
id arxiv_https___arxiv_org_abs_2401_04696
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle World Wine Exports: What Determines the Success of New World Wine Producers?
Parcero, Osiris Jorge
Villanueva, Emiliano
General Economics
Economics
By using an econometric approach this paper looks at the evolution of the world wine industry in the period 1961-2005. A particular stylized fact is the appearance of nontraditional producing and exporting countries of wine from the beginning of the nineties. We show that the success of these new producing and exporting countries can be explained by the importance of the demand from non-producing countries with little or no tradition of wine consumption, relative to the world demand. This stylized fact is consistent with a testable implication of the switching cost literature and to the best of our knowledge this is the first time that this implication is tested.
title World Wine Exports: What Determines the Success of New World Wine Producers?
topic General Economics
Economics
url https://arxiv.org/abs/2401.04696