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Climate cha(lle)nges in global wine production and trade patterns

Emilia Lamonaca, Antonio Seccia and Fabio Santeramo

MPRA Paper from University Library of Munich, Germany

Abstract: The global wine trade is interested by significant changes since a few decades, due to new productive scenarios induced by climate change and to (rapidly) evolving trade and policy regimes. We investigate how these changes are altering trade dynamics. Following a gravity-type approach, we find that higher temperatures are beneficial for the terms of trade, and are boosting trade values. As for policy interventions, the impact of technical measures on trade values is heterogeneous across objectives: While technical measures tend to friction trade, the environment-related policies show pro-trade effects.

Keywords: Climate change; Environmental measure; Technical barrier to trade (search for similar items in EconPapers)
JEL-codes: F13 F18 Q17 Q18 Q56 (search for similar items in EconPapers)
Date: 2023-11-24
New Economics Papers: this item is included in nep-agr, nep-env and nep-int
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