IDEAS home Printed from https://ideas.repec.org/p/zar/wpaper/dt2021-04.html
   My bibliography  Save this paper

The shock of lockdown on the spending on wine in the Iberian market: the effects of procurement and consumption patterns

Author

Listed:
  • Ra�l Comp�s

    (Universitat Polit�cnica de Val�ncia)

  • Samuel Faria

    (University of Tr�s-os-Montes and Alto Douro (UTAD))

  • T�nia Gon�alves

    (University of Tr�s-os-Montes and Alto Douro (UTAD))

  • Vicente Pinilla

    (University of Zaragoza)

  • Jo�o Rebelo

    (University of Tr�s-os-Montes and Alto Douro (UTAD))

  • Katrin Sim�n-Elorz

    (Universidad P�blica de Navarra)

Abstract

This study aims to provide a better understanding of the behaviour of wine consumers the forced lockdown due to the Covid-19 pandemic. It seeks to explain consumer decisions and the probability of changes occurring in wine expenditure compared to a normal situation. The empirical analysis consists in the application of a multinomial logit model, setting the �usual� pattern of expenditure as a baseline category. The results show that the coronavirus pandemic could have changed alcohol drinking habits. Consumers generally spent less on wine during the lockdown, maybe due to the uncertainty regarding their future income and professional situation.

Suggested Citation

  • Ra�l Comp�s & Samuel Faria & T�nia Gon�alves & Vicente Pinilla & Jo�o Rebelo & Katrin Sim�n-Elorz, 2021. "The shock of lockdown on the spending on wine in the Iberian market: the effects of procurement and consumption patterns," Documentos de Trabajo dt2021-04, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    • Handle: RePEc:zar:wpaper:dt2021-04
    as

    Download full text from publisher

    File URL: https://fecem.unizar.es/sites/fecem/files/archivos/repec/pdf/DT2021-04.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. N Blasco & P Corredor & S Ferreruela, 2011. "Detecting intentional herding: what lies beneath intraday data in the Spanish stock market," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(6), pages 1056-1066, June.
    2. Keane, Michael & Neal, Timothy, 2021. "Consumer panic in the COVID-19 pandemic," Journal of Econometrics, Elsevier, vol. 220(1), pages 86-105.
    3. Babin, Barry J & Darden, William R & Griffin, Mitch, 1994. "Work and/or Fun: Measuring Hedonic and Utilitarian Shopping Value," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 20(4), pages 644-656, March.
    4. Isabel Sanz Villarroya, 2007. "Macroeconomic outcomes and the relative position of Argentina�s economy: 1875-2000," Documentos de Trabajo dt2007-05, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    5. Coibion, Olivier & Gorodnichenko, Yuriy & Weber, Michael, 2020. "The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending," Department of Economics, Working Paper Series qt4jn1x65h, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    6. Estela Sáenz & Marcela Sabaté & M. Gadea, 2013. "Trade openness and public expenditure. The Spanish case, 1960–2000," Public Choice, Springer, vol. 154(3), pages 173-195, March.
    7. Carmen Fillat & Eva Pardos, 2007. "Alternative measures for trade restrictiveness. A gravity approach," Documentos de Trabajo dt2007-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    8. Ana Yetano & Sonia Royo & Basisilo Acerete, 2009. "What is driving the increasing presence of citizen participation initiatives?," Documentos de Trabajo dt2009-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    9. Carmen Fillat Castej�n & Joseph F. Francois & Julia Woerz, 2008. "Trade through FDI: investing in services," Documentos de Trabajo dt2008-06, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    10. Regina Escario & Mar�a Dolores Gadea & Marcela Sabat�, 2009. "Government Solvency or just Pseudo-Sustainability? a Long-Run Multicointegration Approach for Spain," Documentos de Trabajo dt2009-07, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    11. Kaytaz, Mehmet & Gul, Misra C., 2014. "Consumer response to economic crisis and lessons for marketers: The Turkish experience," Journal of Business Research, Elsevier, vol. 67(1), pages 2701-2706.
    12. Wittwer, Glyn & Anderson, Kym, 2021. "COVID-19 and Global Beverage Markets: Implications for Wine," Journal of Wine Economics, Cambridge University Press, vol. 16(2), pages 117-130, May.
    13. Larramona, Gemma & Sanso, Marcos, 2006. "Migration dynamics, growth and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2261-2279, November.
    14. Gergaud, Olivier & Livat, Florine & Song, Haiyan, 2018. "Terrorism and Wine Tourism: The Case of Museum Attendance," Journal of Wine Economics, Cambridge University Press, vol. 13(4), pages 375-383, November.
    15. Choi, Jungsil & Madhavaram, Sreedhar R. & Park, Hyun Young, 2020. "The Role of Hedonic and Utilitarian Motives on the Effectiveness of Partitioned Pricing," Journal of Retailing, Elsevier, vol. 96(2), pages 251-265.
    16. Tülin Erdem & Susumu Imai & Michael Keane, 2003. "Brand and Quantity Choice Dynamics Under Price Uncertainty," Quantitative Marketing and Economics (QME), Springer, vol. 1(1), pages 5-64, March.
    17. Asger Lau Andersen & Emil Toft Hansen & Niels Johannesen & Adam Sheridan, 2020. "Pandemic, Shutdown and Consumer Spending: Lessons from Scandinavian Policy Responses to COVID-19," Papers 2005.04630, arXiv.org.
    18. C. Alan Garner, 1991. "Forecasting consumer spending: should economists pay attention to consumer confidence surveys?," Economic Review, Federal Reserve Bank of Kansas City, vol. 76(May), pages 57-71.
    19. Frank Habann & Christopher Zerres & Lukas Zaworski, 2018. "Investigating the segment specific preferences for hedonic and utilitarian online-shop characteristics: the case of German online wine shops," International Journal of Internet Marketing and Advertising, Inderscience Enterprises Ltd, vol. 12(3), pages 255-269.
    20. Stefura Gabriela, 2010. "Changes in Consumer Behaviour During an Economic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 784-787, October.
    21. Lourdes Torres & Vicente Pina & Sonia Royo, 2005. "E-government and the transformation of public administrations in EU countries: Beyond NPM or just a second wave of reforms?," Documentos de Trabajo dt2005-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    22. Rosa Duarte & Jos� Juli�n Escario & Jos� Alberto Molina, 2013. "Socio-demographic determinants of planning suicide and marijuana use among youths: are these patterns of behaviour causally related?," Documentos de Trabajo dt2013-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    23. Rosa Duarte & Vicente Pinilla & Ana Serrano, 2015. "Global water in a global world a long term study on agricultural virtual water flows in the world," Documentos de Trabajo dt2015-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    24. Hamed Taherdoost, 2016. "Sampling Methods in Research Methodology; How to Choose a Sampling Technique for Research," Post-Print hal-02546796, HAL.
    25. Javier Aliaga Lordemann & Horacio Villegas Quino & Jes�s Mur & Daniel Legu�a, 2011. "An�lisis municipal de los determinantes de la deforestaci�n en Bolivia," Documentos de Trabajo dt2011-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Inmaculada Carrasco & Juan Sebastián Castillo-Valero & Marcos Carchano & Carmen Córcoles, 2023. "Recent evolution of wine exports in a turbulence period: a multiregional input–output analysis," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 11(1), pages 1-22, December.
    2. Katrin Simón-Elorz & Tânia Gonçalves & Raúl Compés & Samuel Faria & Vicente Pinilla & João Rebelo, 2023. "Online Wine Purchasing In Spain And Portugal During The Covid-19 Pandemic," Documentos de Trabajo dt2023-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. M. T. Aparicio & I. Villan�a, 2012. "Selection criteria for overlapping binary Models," Documentos de Trabajo dt2012-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    2. Ra�l Serrano & Isabel Acero-Fraile & Natalia Dejo-Oricain, 2017. "Collaborative networks and export intensity in family firms: a quantile regression approach," Documentos de Trabajo dt2017-04, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    3. Jorge Gonz�lez, 2015. "Estimating income elasticities of leisure activities using cross-sectional categorized data," Documentos de Trabajo dt2015-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    4. Raúl Serrano & Vicente Pinilla, 2014. "New directions of trade for the agri-food industry: a disaggregated approach for different income countries, 1963–2000," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 23(1), pages 1-22, December.
    5. INOUE Hiroyasu & TODO Yasuyuki, 2022. "Has COVID-19 Permanently Changed Online Consumption Behavior?," Discussion papers 22018, Research Institute of Economy, Trade and Industry (RIETI).
    6. OTA Rui & ITO Arata & SATO Masahiro & YANO Makoto, 2022. "Social Learning and Behavioral Change When Faced with the COVID-19 Pandemic: A big data analysis," Discussion papers 22065, Research Institute of Economy, Trade and Industry (RIETI).
    7. Martin O'Connell & Áureo de Paula & Kate Smith, 2021. "Preparing for a pandemic: spending dynamics and panic buying during the COVID‐19 first wave," Fiscal Studies, John Wiley & Sons, vol. 42(2), pages 249-264, June.
    8. Horvath, Akos & Kay, Benjamin & Wix, Carlo, 2023. "The COVID-19 shock and consumer credit: Evidence from credit card data," Journal of Banking & Finance, Elsevier, vol. 152(C).
    9. Patricia Bachiller & Mar�a Jos� Arcas, 2006. "Performance and capital structure of privatized firms in the european union," Documentos de Trabajo dt2006-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    10. Daniel Aaronson & Scott A. Brave & Michael Fogarty & Ezra Karger & Spencer D. Krane, 2021. "Tracking U.S. Consumers in Real Time with a New Weekly Index of Retail Trade," Working Paper Series WP-2021-05, Federal Reserve Bank of Chicago, revised 18 Jun 2021.
    11. Kudaisi, Bosede Victoria & Olomola, P.A., 2021. "Impact of COVID-19 Pandemic Lockdown on Food Intake in Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 9(3), June.
    12. Joaquín Andaluz, 2009. "Vertical product differentiation with subcontracting," Papers in Regional Science, Wiley Blackwell, vol. 88(4), pages 785-798, November.
    13. Bruno P. Carvalho & Susana Peralta & João Pereira dos Santos, 2022. "Regional and sectorial impacts of the Covid‐19 crisis: Evidence from electronic payments," Journal of Regional Science, Wiley Blackwell, vol. 62(3), pages 757-798, June.
    14. Ana Yetano & Sonia Royo & Basisilo Acerete, 2009. "What is driving the increasing presence of citizen participation initiatives?," Documentos de Trabajo dt2009-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    15. Tsutomu Watanabe & Tomoyoshi Yabu, 2021. "Japan’s voluntary lockdown: further evidence based on age-specific mobile location data," The Japanese Economic Review, Springer, vol. 72(3), pages 333-370, July.
    16. E. Guglielminetti & M. Loberto & A. Mistretta, 2023. "The impact of COVID-19 on the European short-term rental market," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(3), pages 585-623, August.
    17. Sirui Li & Ying Liu & Jing Su & Xin Luo & Xiao Yang, 2022. "Can e-commerce platforms build the resilience of brick-and-mortar businesses to the COVID-19 shock? An empirical analysis in the Chinese retail industry," ULB Institutional Repository 2013/356995, ULB -- Universite Libre de Bruxelles.
    18. Tsutomu Watanabe & Tomoyoshi Yabu, 2021. "Japan’s Voluntary Lockdown: Further Evidence Based on Age-Specific Mobile Location Data," CARF F-Series CARF-F-508, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    19. Feng‐An Yang & Hung‐Hao Chang & Jiun‐Hao Wang, 2022. "The economic impact of the COVID‐19 pandemic on the Taiwanese food industry: Empirical evidence using business transaction data," Journal of Agricultural Economics, Wiley Blackwell, vol. 73(2), pages 376-395, June.
    20. Nashwan M. A. Saif & Jianping Ruan & Bojan Obrenovic, 2021. "Sustaining Trade during COVID-19 Pandemic: Establishing a Conceptual Model Including COVID-19 Impact," Sustainability, MDPI, vol. 13(10), pages 1-20, May.

    More about this item

    Keywords

    consumer behaviour; lockdown; wine price; multinomial logit model;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zar:wpaper:dt2021-04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Isabel Acero Fraile (email available below). General contact details of provider: https://edirc.repec.org/data/fezares.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.