MACROECONOMIC DETERMINANTS OF WINE PRODUCTION IN THE EUROPEAN UNION
| العنوان: | MACROECONOMIC DETERMINANTS OF WINE PRODUCTION IN THE EUROPEAN UNION |
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| المؤلفون: | Hrvoje Katunar, Jana Katunar, Vinko Zaninović |
| المصدر: | Ekonomska misao i praksa Volume 30 Issue 1 |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | Wine, business.industry, International trade, wine consumption, vinska industrija, proizvodnja vina, potrošnja vina, uvoz vina, izvoz vina, EU wine industry, wine production, wine import, wine export, Economics, Production (economics), media_common.cataloged_instance, European union, business, media_common |
| الوصف: | This paper focuses on the determinants of wine production in the European wine industry. In the last two decades, the European wine industry has undergone many changes due to the entry of new countries into the world wine market. Although increasing competitiveness became the priority of the European Common Agricultural Policy, wine production and consumption in the EU have decreased in the last two decades, and therefore the aim of this research is to analyse and identify the macroeconomic determinants of wine production, i.e. what factors besides the price influence wine production in selected EU countries and in how they can be controlled. Empirical research was conducted using data for EU member states traditionally engaged in wine production. Panel data on wine production, wine consumption, average wine price, wine imports, wine exports and EU support to the wine sector were collected from secondary sources for 15 wine-producing EU countries and for the period 2009-2018. We estimated the econometric model using pooled OLS, as diagnostic tests indicated that this estimator was the best fit for our data. Our results suggest that domestic demand and domestic (EU) subsidies are the main drivers of wine production. To keep up with New World wine producers, even more emphasis should be placed on promoting the wine drinking culture. Fokus ovog rada su faktori koji utječu na proizvodnju vina u vinskoj industriji zemalja članica Europske unije. U posljednja dva desetljeća europska vinska industrija je prošla kroz brojne promjene uzrokovane ulaskom novih zemalja na svjetsko tržište vina. Iako je povećanje konkurentnosti postalo prioritet Europske zajedničke poljoprivredne politike, proizvodnja i potrošnja vina se smanjila, stoga je cilj ovog rada identificirati i analizirati makroekonomske determinante proizvodnje vina, odnosno faktore, osim cijene vina, koji utječu na proizvodnju vina u EU. Empirijsko istraživanje provedeno je na podatcima država članica Europske unije koje se tradicionalno bave proizvodnjom vina. Podatci o proizvodnji vina, potrošnji vina, prosječnoj cijeni vina, uvozu vina, izvozu vina i potporama iz EU fondova za vinski sektor, prikupljeni su iz sekundarnih izvora za razdoblje od 2009. do 2018. godine. Razvili smo i procijenili ekonometrijski model koristeći POLS, koji se pokazao najprikladnijim za procjenu nakon provedbe dijagnostičkih testova. Rezultati procjene ukazuju da su domaća potražnja i EU potpore glavne determinante proizvodnje vina. Osim toga, vidljivo je da postoji još prostora za povećanje značaja domaće potrošnje te da bi EU poljoprivredna politika, između ostalog, trebala promicati kulturu pijenja vina. |
| وصف الملف: | application/pdf |
| اللغة: | English |
| تدمد: | 1330-1039 1848-963X |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::63bc009faafc8367daed11b195a26beb https://doi.org/10.17818/emip/2021/1.2 |
| حقوق: | OPEN |
| رقم الأكسشن: | edsair.doi.dedup.....63bc009faafc8367daed11b195a26beb |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 13301039 1848963X |
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