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Wine's Globalization: New Opportunities, New Challenges

Author

Listed:
  • Kym Anderson

    (Wine Economics Research Centre, School of Economics, University of Adelaide, Australia, and Arndt-Corden Dept of Economics, Australian National University, Canberra ACT 2601, Australia)

  • Signe Nelgen

    (Wine Economics Research Centre, School of Economics, University of Adelaide, Australia)

Abstract

The second decade of rapid globalization of the wine industry is assessed using a newly-published statistical compendium of global wine markets. A dozen observations are made from those data offer insights into key new opportunities and challenges associated with recent globalization forces. A snapshot of the value, both nationally and globally, of various quality segments of the world's wine markets as of 2009 also is examined. That view of market segments is important for developing a baseline for models used to assess future prospects for different types of grape and wine producers. These data also provide guidance for prioritizing future research agendas for theorists and crosscountry econometric analysts seeking to explain past patterns and developments, as well as for simulation modelers seeking to project where global markets might be headed. The paper finishes by briefly discussing prospects for further developments in wine's globalization.

Suggested Citation

  • Kym Anderson & Signe Nelgen, 2011. "Wine's Globalization: New Opportunities, New Challenges," Wine Economics Research Centre Working Papers 2011-01, University of Adelaide, Wine Economics Research Centre.
    • Handle: RePEc:adl:winewp:2011-01
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    File URL: https://media.adelaide.edu.au/economics/papers/winedoc/winewp2011-01.pdf
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    References listed on IDEAS

    as
    1. Joshua Aizenman & Eileen Brooks, 2008. "Globalization and Taste Convergence: the Cases of Wine and Beer," Review of International Economics, Wiley Blackwell, vol. 16(2), pages 217-233, May.
    2. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    3. Kym Anderson, 2019. "Excise and Import Taxes on Wine Versus Beer and Spirits: An International Comparison," World Scientific Book Chapters, in: Kym Anderson (ed.), The International Economics of Wine, chapter 18, pages 437-459, World Scientific Publishing Co. Pte. Ltd..
    4. Kym Anderson, 2010. "Excise and Import Taxes on Wine vs Beer and Spirits: An International Comparison," Wine Economics Research Centre Working Papers 2010-05, University of Adelaide, Wine Economics Research Centre.
    5. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
    6. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
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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.

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    More about this item

    Keywords

    wine market developments; alcohol taste changes;

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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