How Might Climate Changes and Preference Changes Affect the Competitiveness of the World’s Wine Regions?

Kym Anderson

Chapter 5 in The International Economics of Wine, 2019, pp 115-129 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Winegrape production is generally considered riskier in cool-climate regions than in warmer ones, yet more producers are looking to invest in such regions. A commonly stated reason is to hedge against global warming, but is there more to it than that? This note reflects on some other supply-side drivers as well as some drivers from the demand side of global wine markets. It first defines what characterizes a cool-climate region; and it ends by drawing implications for the economic future of such cool regions as compared with the world’s warmer wine regions.

Keywords: Wine Globalization; Australia's Wine Internationalization; Wine Markets in Asia; Wine Price Distortions; Modelling Global Wine Markets (search for similar items in EconPapers)
JEL-codes: L66 O13 (search for similar items in EconPapers)
Date: 2019
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