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How Might Climate Changes and Preference Changes Affect the Competitiveness of the World’s Wine Regions?

In: The International Economics of Wine

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  • Kym Anderson

Abstract

Winegrape production is generally considered riskier in cool-climate regions than in warmer ones, yet more producers are looking to invest in such regions. A commonly stated reason is to hedge against global warming, but is there more to it than that? This note reflects on some other supply-side drivers as well as some drivers from the demand side of global wine markets. It first defines what characterizes a cool-climate region; and it ends by drawing implications for the economic future of such cool regions as compared with the world’s warmer wine regions.

Suggested Citation

  • Kym Anderson, 2019. "How Might Climate Changes and Preference Changes Affect the Competitiveness of the World’s Wine Regions?," World Scientific Book Chapters, in: Kym Anderson (ed.), The International Economics of Wine, chapter 5, pages 115-129, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811202094_0005
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    More about this item

    Keywords

    Wine Globalization; Australia's Wine Internationalization; Wine Markets in Asia; Wine Price Distortions; Modelling Global Wine Markets;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco

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