Asia's Evolving Role in Global Wine Markets

37 Pages Posted: 20 Apr 2015

See all articles by Kym Anderson

Kym Anderson

University of Adelaide - Centre for International Economic Studies (CIES); Centre for Economic Policy Research (CEPR); Australian National University

Glyn Wittwer

Monash University - Centre of Policy Studies

Date Written: April 2015

Abstract

Over the past decade Hong Kong and China have become far more important to the world's wine markets, while Southeast Asia's imports of fine wine continue to grow steadily. This paper reviews recent developments in the light of comparative advantage theory before drawing on a model of global wine markets to project developments in Asia and elsewhere over the next five years under various economic growth, real exchange rate, and policy assumptions. It concludes that China is set to continue to be by far the most dominant player in Asia, and to change global markets for wines dramatically, just as it has been doing and will continue to do for so many other products.

Keywords: changes in tastes, global grape and wine model projections, real exchange rate changes, wine comparison advantage

JEL Classification: C53, F11, F17, Q13

Suggested Citation

Anderson, Kym and Wittwer, Glyn, Asia's Evolving Role in Global Wine Markets (April 2015). CEPR Discussion Paper No. DP10552, Available at SSRN: https://ssrn.com/abstract=2596632

Kym Anderson (Contact Author)

University of Adelaide - Centre for International Economic Studies (CIES) ( email )

School of Economics
Adelaide SA 5005
Australia
+61 8 8313 4712 (Phone)
+61 8 8223 1460 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Australian National University ( email )

Arndt-Corden Dept of Economics
Coombs Building
Canberra, AK ACT 2600
Australia
+61 8 8313 4712 (Phone)

HOME PAGE: http://publicpolicy.anu.edu.au/crawford_people/content/staff/acde/kanderson.php

Glyn Wittwer

Monash University - Centre of Policy Studies ( email )

Victoria 3145, Vic 3800
Australia
61 3 9905 5421 (Phone)
61 3 9905 2426 (Fax)

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