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Cointegration analysis of wine export prices for France, Greece and Turkey AgEcon
Mencet, M. Nisa; Firat, M. Ziya; Sayin, Cengiz.
Mediterranean countries have noticeable affect on the world wine exportation. Among these countries France, Greece and Turkey are selected for this study because of different wine market, trade systems and wine policies they have. In this study, cointegration analysis was conducted for real wine export prices and real exchange rates for France, Greece and Turkey. The long term relationships between real exchange rates and real wine export values were explored by using cointegration analysis. Annual data from 1970 to 2003 was used for this analysis and the data sets were found to be integrated of the same order. It was also found that they move together in the long run by Johansen Cointegration Test. Then, Error Correction Model (ECM) was applied to search...
Tipo: Conference Paper or Presentation Palavras-chave: Cointegration Analysis; Error Correction Model (ECM); Wine Export Prices; Real Exchange Rates; Wine Market; Demand and Price Analysis.
Ano: 2006 URL: http://purl.umn.edu/10104
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