Inmaculada Carrasco, Juan Sebastián Castillo-Valero, Marcos Carchano, Carmen Córcoles
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Recent evolution of wine exports in a turbulence period: a multiregional input-output analysis.
This study focuses on analysing the economic impact (in value-added terms) generated by Spanish wine exports during the period 2018-2020, characterized by significant geopolitical changes and market shocks produced by Brexit, the entry into force of the Federal Law on Viticulture and Winemaking in the Russian Federation, the imposition of tariffs by the USA and the COVID-19 pandemic. For this purpose, the multiregional input-output model was used to identify the overall effects (direct and indirect) in different countries deriving from the changes in final demand. The paper shows that both the world wine trade and Spanish wine exports have been negatively affected by the recent changes in the analysed period. It is estimated that the accumulated losses since 2018 as a result of the decrease in the value-added generated by Spanish wine exports exceed 300 million euros. In addition, the results suggest that the negative effects of COVID-19 are greater than the effects caused by the rest of the geopolitical changes.
期刊介绍：
Agricultural and Food Economics (AFE) is an international peer-reviewed and open access journal published on behalf of the Italian Society of Agricultural Economics. AFE welcomes research articles from economists, scholars and researchers from all over the world to publish problem-oriented and high-quality articles. AFE publishes only original articles from a wide variety of economic perspectives that address current and relevant issues related to the agricultural and food system. AFE publishes articles focused on applied analysis, the discussion of innovative results, and relevant policy and managerial implications. AFE seeks clearly written articles from experts in the field, to promote insightful understanding of the current trends in the agri-food system. Topics of specific interest to AFE include agricultural and food market analysis, agri-food firm management and marketing, organization of the agri-food chains, consumer behavior, food quality and safety issues, economics of nutrition and food security, food and health economics, agri-food policy and trade, sustainable rural development, natural and marine resource economics and land economics.
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