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Climate, Grapevine Phenology, Wine Production, and Prices: Pauillac (1800-2009)

Listed author(s):
  • Jean-Michel Chevet

    ()

    (ADES - Aménagement, Développement, Environnement, Santé et Sociétés - Université Michel de Montaigne - Bordeaux 3 - Université Bordeaux Segalen - Bordeaux 2 - CNRS - Centre National de la Recherche Scientifique)

  • Sébastien Lecocq

    (ALISS - Alimentation et sciences sociales - INRA - Institut National de la Recherche Agronomique)

  • Michael Visser

    (CREST - Centre de Recherche en Économie et Statistique - INSEE - ENSAE ParisTech - École Nationale de la Statistique et de l'Administration Économique)

This paper analyzes 19th and 20th century data from a well-known chateau in Bordeaux. The dataset includes information on weather conditions, starting dates of three phenological stages of grapevine, prices, and yields. We discuss how these variables have evolved over the last two centuries. We also study to what extent the impact of climate on yields and prices has changed over time. Our regression analysis suggests that the effect of temperature on yields has become weaker since the 19th century. The influence on prices has, on the contrary, become stronger.

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Paper provided by HAL in its series Post-Print with number halshs-00808401.

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Date of creation: 2011
Publication status: Published in American Economic Review: papers & proceedings, 2011, 101 (3), pp. 142-146
Handle: RePEc:hal:journl:halshs-00808401
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00808401
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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  1. Ashenfelter, Orley, 2010. "Predicting the Quality and Prices of Bordeaux Wine," Journal of Wine Economics, Cambridge University Press, vol. 5(01), pages 40-52, March.
  2. Jones, Gregory V. & Storchmann, Karl-Heinz, 2001. "Wine market prices and investment under uncertainty: an econometric model for Bordeaux Crus Classes," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 26(2), November.
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