旧大陆葡萄酒市场的空间整合与等级:2013年CAP改革的作用

IF 1.6 4区经济学 Q2 AGRICULTURAL ECONOMICS & POLICY

Journal of Wine Economics Pub Date : 2023-08-31 DOI:10.1017/jwe.2023.17

Andreas Rokopanos, F. Bersimis, Guenter H Schamel, Christos Lallos

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引用次数: 0

摘要

我们探讨了2013年共同农业政策（CAP）改革对欧洲联盟（EU）主要葡萄酒生产国市场（即西班牙、法国和意大利）之间空间价格共同变动的影响。我们考虑了2005年1月至2020年1月的月度价格和R-Vine copula模型，划分了2012年12月考虑的时间段，以跟踪（1）一体化程度、（2）中央市场和（3）2013年CAP改革后潜在的不对称性的变化。结果表明，从一个时期到另一个时期，总体价格依赖性不断增加，西班牙取代意大利成为欧盟的中心市场。2013年之前，意大利和法国之间的上尾部不对称，2013年之后，西班牙和法国之间在下尾部不对称。

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Spatial integration and hierarchy in Old-World wine markets: The role of the 2013 CAP reform

We explore the impact of the 2013 Common Agricultural Policy (CAP) reform on spatial price co-movements between the main European Union (EU) wine producer markets (i.e., Spain, France, and Italy). We consider monthly prices from January 2005 to January 2020 and R-Vine copula models, splitting the time period considered in December 2012 to track the changes in (1) the degree of integration, (2) the central markets, and (3) the potential asymmetries after the 2013 CAP reform. The results indicate an increasing overall price dependence from one sub-period to another, with Spain succeeding Italy as the central EU market. We also show asymmetry between Italy and France in the upper tail before 2013 and between Spain and France in the lower tail after 2013.

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来源期刊

Journal of Wine Economics Agricultural and Biological Sciences-Food Science

CiteScore

3.20

自引率

28.60%

发文量

期刊介绍： The Journal of Wine Economics (JWE), launched in 2006, provides a focused outlet for high-quality, peer-reviewed research on economic topics related to wine. Although wine economics papers have been, and will continue to be, published in leading general and agricultural economics journals, the number of high-quality papers has grown to such an extent that a specialized journal can provide a useful platform for the exchange of ideas and results. The JWE is open to any area related to the economic aspects of wine, viticulture, and oenology. It covers a wide array of topics, including, but not limited to: production, winery activities, marketing, consumption, as well as macroeconomic and legal topics. The JWE has been published twice a year and contains main papers, short papers, notes and comments, reviews of books, films and wine events, as well as conference announcements. From 2013 on, the JWE has been published three times per year. The Journal of Wine Economics is fully owned by the American Association of Wine Economists (AAWE) and, since 2012, has been published by Cambridge University Press.