The Impact of Exchange Rates on French Wine Exports

Jean Marie Cardebat and Jean-Marc Figuet
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Jean Marie Cardebat: Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux

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Abstract: AbstractIn this article, we analyze the impact of varying exchange rates on French wine exports using a dynamic Armington panel model for the time period from 2000 to 2011. Our results suggest that French wines have become less competitive during the 2000s. This is due to two factors: rising domestic wine prices relative to foreign competitors and the appreciation of the euro against the USD and the GBP. Chinese demand appears to be a key driver of French wine exports. In addition, we find some compositional effects in Bordeaux wine exports. In response to the appreciation of the euro, the share of high-priced wines has increased, suggesting some degree of quality sorting in response to exchange-rate changes. (JEL Classification: F14, F31, Q17)

Keywords: Exchange rates; French wine exports; Wine quality (search for similar items in EconPapers)
Date: 2019-02-01
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Citations: View citations in EconPapers (1)

Published in Journal of Wine Economics, 2019, 14 (01), pp.71-89. ⟨10.1017/jwe.2019.2⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03895891

DOI: 10.1017/jwe.2019.2

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