An empirical analysis of the interrelations among the export of red wine from France, Italy and Spain
This paper deals with an empirical analysis of international trade data from EUROSTAT where the export of red wine from France, Italy and Spain - to Belgium, Denmark, Japan, The Netherlands, UK and USA - is investigated. Using monthly data from 1993:1 to 1998:12, trade flows, measured in quantities of red wine, from France, Italy and Spain to the before-mentioned countries are compared. The wine trade flows are modelled in a VAR (vector autoregression) framework in order to perform tests of causality. From obvious reasons red wines from the Southern European countries are expected to be close substitutes - at least concerning the receiving countries - which is tested, including price effects and political incidents as the French nuclear testings at Muroroa in 1995. The analysis reveals that, generally, the French wine exports not influenced by Italian or Spanish wines, whereas wine export from Italy seems more sensitive towards the competitors at the export markets. Concerning a negative influence on French wine export from the nuclear testing this seems to have been the case for Denmark, Japan and (probably) the UK.
|Date of creation:||01 May 2002|
|Date of revision:|
|Contact details of provider:|| Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark|
Phone: +45 89 486396
Fax: +45 8615 5175
Web page: http://www.asb.dk/departments/nat.aspx
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hyllerberg, S. & Engle, R.F. & Granger, C.W.J. & Yoo, B.S., 1988.
"Seasonal Integration And Cointegration,"
0-88-2, Pennsylvania State - Department of Economics.
- Franses, Philip Hans, 1996. "Periodicity and Stochastic Trends in Economic Time Series," OUP Catalogue, Oxford University Press, number 9780198774549, December.
When requesting a correction, please mention this item's handle: RePEc:hhs:aareco:2002_008. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helle Vinbaek Stenholt)
If references are entirely missing, you can add them using this form.