A model of the world's wine markets

Glyn Wittwer, Nick Berger, Kym Anderson*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

31 Citations (Scopus)

Abstract

This paper describes the theoretical and empirical structure of the World Multisectoral Wine Model, which uses some of the features of general equilibrium models. The model is disaggregated into the expanding premium and shrinking non-premium segments of the wine market. To illustrate its usefulness, we model the impact on the global market of the projected rapid premium supply expansion in New World wine production to 2005. The results show supply-induced falls in producer prices of New World producers are dampened or even reversed in the projection period by a growing consumer preference globally for premium wine.

Original languageEnglish
Pages (from-to)487-506
Number of pages20
JournalEconomic Modelling
Volume20
Issue number3
DOIs
Publication statusPublished - May 2003
Externally publishedYes

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