Economic Crisis And the Fragility of World Wine Export

Imre Fertő

DOI 10.7160/aol.2017.090403
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.

Abstract

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.

Keywords

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

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