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