A model of the world's wine markets

Glyn Wittwer, Nick Berger, Kym Anderson

    Research output: Contribution to journalArticle


    This paper describes the theoretical and empirical structure of the World Multisectoral Wine Model, which uses some of the features of general equilibrium models. The model is disaggregated into the expanding premium and shrinking non-premium segments of the wine market. To illustrate its usefulness, we model the impact on the global market of the projected rapid premium supply expansion in New World wine production to 2005. The results show supply-induced falls in producer prices of New World producers are dampened or even reversed in the projection period by a growing consumer preference globally for premium wine.
    Original languageEnglish
    Pages (from-to)487-506
    JournalEconomic Modelling
    Issue number3
    Publication statusPublished - 2003


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