World Wine Exports: What Determined the Success of the ‘New World’ Wine Producers?

Osiris Parcero and Emiliano Villanueva

No 1103, CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: This paper looks at the evolution of the world wine industry in the period 1961-2005. A particular stylized fact is the appearance of non-traditional 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.

Keywords: exports; wine; industry dynamics; switching costs; new entrant. (search for similar items in EconPapers)
JEL-codes: N50 Q13 Q17 (search for similar items in EconPapers)
Date: 2011-07
New Economics Papers: this item is included in nep-agr, nep-his and nep-int
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:san:crieff:1103

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