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Economic Crisis And the Fragility of World Wine Export

Imre Fertő

DOI: 10.7160/aol.2017.090403

Agris on-line Papers in Economics and Informatics, No 4 /2017, December

pp. 25-32

Fertö, I. (2017) “Economic Crisis And the Fragility of World Wine Export", AGRIS on-line Papers in Economics and Informatics, Vol. 9, No. 4, pp. 25-32. ISSN 1804-1930.DOI 10.7160/aol.2017.090403.


The paper investigates the impacts of economic crisis on the duration of word wine exports for 40 leading
wine exporter countries between 2000 and 2012. We analyze three attributes of wine exports embodied
in exports relationships: the initial value of exports, the growth of exports within a spell, and the hazard
of exports ceasing. Our results indicate that wine exports are rather short lived even for leading wine exporter
countries. Our estimations imply that economic crisis has not significant impacts on initial value of wine
export starting before crisis, whilst it has negative effects on spells beginning after crisis. However, economic
crisis does not influence the export growth, and decrease the pr obability of failure of wine exports.


Duration of world wine exports, economic crises, leading wine exporters.


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