Price adjustment in world wine markets: A cointegration analysis

World wine trade has undergone an exponential dynamic in recent years because of the fall in domestic demand of the main traditional producing countries. This study aims to measure the degree of price integration in the international wine market, within a framework where review and re-adaptation of...

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Bibliographic Details
Main Authors: Juan Sebastián Castillo-Valero, Mª Carmen García-Cortijo
Format: Article
Language:English
Published: Firenze University Press 2015-12-01
Series:Wine Economics and Policy
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2212977415000198