Determining Factors of the Use of Public Instruments for Risk Management in the Chilean Wine Industry: A binomial Logit Model

German Lobos and Jean-Laurent Viviani ()

Lecturas de Economía, 2008, issue 69, 63-83

Abstract: The main objective of this research was to identify the determining factors of the use of public instruments to manage risk in the Chilean wine industry. A binomial logistic regression model was proposed. Based on a survey of 104 viticulture and winemaking companies, a database was constructed between January and October 2007. The model was fitted using maximum likelihood estimation. The variables that turned out to be statistically significant were: risk of the wine price, availability of external consultancy and number of permanent workers. From the Public Management point of view, the main conclusion suggests that the use of public instruments could be increased if viticulturists and winemakers had more external counseling.

Keywords: wine industry; logistic regression; maximum likelihood; public management. (search for similar items in EconPapers)
JEL-codes: C13 C35 H3 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/81 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2008:i:69:p:63-83

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().