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- W2127235515 abstract "We estimate source‐differentiated wine demand in C hina using the absolute price version of the R otterdam demand system. Within the last decade, C hina has gone from obscurity to an important participant in global wine trade. The continual growth of C hinese wine imports suggests that a one‐time structural shift approach may not fully capture how consumption patterns or demand preferences have changed over time. Thus, a rolling or moving regression procedure is used to account for continual adjustments in import demand patterns and to evaluate overall parameter instability. Our results confirm that C hinese consumers hold F rench wine in high regard and that F rench wine demand has consistently increased over the last decade, more than any other exporting source. Consumers in C hina have gone from allocating about 1/3 to over 1/2 of every dollar to F rench wine and the expenditure elasticity for French wine mostly increased while the market was expanding. Although A ustralian wine has a very solid standing in the C hinese market, results suggest that its market share will likely remain unchanged. Marginal budget share and expenditure elasticity estimates indicate that A ustralia will continue to account for about 20 per cent of the foreign wine market in C hina." @default.
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- W2127235515 date "2013-11-06" @default.
- W2127235515 modified "2023-10-06" @default.
- W2127235515 title "The evolution of foreign wine demand in China" @default.
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- W2127235515 doi "https://doi.org/10.1111/1467-8489.12029" @default.
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