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A Quest for Quality: Creativity and Innovation in the Wine Industry of Argentina

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Listed:
  • Julio Elías
  • Gustavo Ferro
  • Álvaro García

Abstract

We study innovation and knowledge generation in the quality wine industry in Argentina. The approach followed provides a useful framework to understand innovation at the market and the individual innovator level. We show that the wine quality revolution in Argentina was driven by economic incentives. Wine producers seek for quality as a differentiation mechanism that allows them to appropriate, at least partially, of the return to innovation. We also show that the quality wine revolution of Argentina, involved a series of experimental and rapid conceptual innovations. All the former produced a radical change in the wine industry of Argentina.

Suggested Citation

  • Julio Elías & Gustavo Ferro & Álvaro García, 2019. "A Quest for Quality: Creativity and Innovation in the Wine Industry of Argentina," Asociación Argentina de Economía Política: Working Papers 4135, Asociación Argentina de Economía Política.
    • Handle: RePEc:aep:anales:4135
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. Stein, Steve, 2008. "Our Saviors May Not Speak Spanish: Changing Markets And Strategies In Argentinia’S Wine Revolution, 1990-2008," Working Papers 42659, American Association of Wine Economists.
    3. Edmund S. Phelps, 2008. "Macroeconomics for a Modern Economy," The American Economist, Sage Publications, vol. 52(1), pages 3-22, March.
    4. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
    5. R. Javier Bustos S. & Julio Peña Torres & Manuel Willington, 2007. "Propiedad Extranjera y Especialización Productiva en la Industria del Vino en Chile," ILADES-UAH Working Papers inv184, Universidad Alberto Hurtado/School of Economics and Business.
    6. Biondolillo, Aldo & Brandi, Juan Pedro, 2015. "Strengths And Governance: The Argentine Grape-Wine Industry At The Crossroads," Working Papers 231149, American Association of Wine Economists.
    7. Julio Elías & Gustavo Ferro, 2018. "Innovators and Innovations in High Quality Wines of Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 651, Universidad del CEMA.
    8. Alem, Mauro & Jorge Elias, Julio, 2018. "Allocating production risks through credit cum insurance contracts: the design and implementation of a fund for small cotton growers to access market finance," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(2), March.
    9. Farinelli, Fulvia, 2013. "Innovation and Learning Dynamics in the Chilean and Argentine Wine Industries," Working Papers 164653, American Association of Wine Economists.
    10. David W. Galenson, 2007. "Introduction to Old Masters and Young Geniuses: The Two Life Cycles of Artistic Creativity," Introductory Chapters, in: Old Masters and Young Geniuses: The Two Life Cycles of Artistic Creativity, Princeton University Press.
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    Cited by:

    1. Julio Elías & Gustavo Ferro & Álvaro García, 2019. "Evolución Reciente del Mercado Mundial de Vinos y el desempeño de Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 701, Universidad del CEMA.

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    More about this item

    Keywords

    Innovation; Wine industry; Argentina;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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