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Port Wine Dynamics: Production, Trade And Market Structure

Author

Listed:
  • REBELO, João
  • CORREIA, Leonida

Abstract

In the last decades the world has seen some acceleration in the process of internationalization, affecting virtually all industries. The wine sector is no exception, witnessing increased exports and imports and a movement of mergers and acquisitions. Among European wines, Port Wine can be seen as a representative case of integration in international markets, with about 90% of its production to be exported. After the World War II, although the Port Wine activity has been subjected to cycles there has been a trend towards a continued increase in production and exports, stabilization of real market prices and a slight increase in the real prices paid to grape growers, leading to positive economic effects for Port Wine firms and grape growers.

Suggested Citation

  • REBELO, João & CORREIA, Leonida, 2008. "Port Wine Dynamics: Production, Trade And Market Structure," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 8(1), pages 99-114.
    • Handle: RePEc:eaa:eerese:v:8:y2008:i:8_6
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    File URL: http://www.usc.es/economet/reviews/eers816.pdf
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    References listed on IDEAS

    as
    1. Lopes, Teresa da Silva, 2005. "Competing with Multinationals: Strategies of the Portuguese Alcohol Industry," Business History Review, Cambridge University Press, vol. 79(3), pages 559-585, October.
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    Citations

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    Cited by:

    1. Rebelo, Joao & Muhr, Dorli, 2012. "Innovation in wine SMEs: the Douro Boys informal network," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 114(2), pages 1-7, October.
    2. Joana A. Quintela & Helena Albuquerque & Isabel Freitas, 2023. "Port Wine and Wine Tourism: The Touristic Dimension of Douro’s Landscape," Sustainability, MDPI, vol. 15(15), pages 1-23, July.
    3. Correia, Leonida & Rebelo, João & Caldas, José, 2015. "Production and Trade of Port Wine: Temporal Dynamics and Pricing," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 16(1), pages 1-15.

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    More about this item

    Keywords

    wine; Douro; dynamics; market; concentration;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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