The evolution of foreign wine demand in China

doi:10.1111/1467-8489.12029

CORC > 上海财经大学 > 上海财经大学

	The evolution of foreign wine demand in China
	Muhammad, Andrew 1; Leister, Amanda M.2; McPhail, Lihong 1; Chen, Wei 3
刊名	AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS
	2014-07
卷号	58 期号:3 页码:392-408
关键词	China demand analysis imports rolling regression Rotterdam model wine
ISSN号	1364-985X
DOI	10.1111/1467-8489.12029
英文摘要	We estimate source-differentiated wine demand in China using the absolute price version of the Rotterdam demand system. Within the last decade, China has gone from obscurity to an important participant in global wine trade. The continual growth of Chinese 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 Chinese consumers hold French wine in high regard and that French wine demand has consistently increased over the last decade, more than any other exporting source. Consumers in China have gone from allocating about 1/3 to over 1/2 of every dollar to French wine and the expenditure elasticity for French wine mostly increased while the market was expanding. Although Australian wine has a very solid standing in the Chinese market, results suggest that its market share will likely remain unchanged. Marginal budget share and expenditure elasticity estimates indicate that Australia will continue to account for about 20 per cent of the foreign wine market in China.
WOS研究方向	Agriculture ; Business & Economics
语种	英语
出版者	WILEY-BLACKWELL
WOS记录号	WOS:000339379300006
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1724]
专题	上海财经大学
通讯作者	Muhammad, Andrew
作者单位	1.Econ Res Serv, USDA, Washington, DC 20250 USA; 2.Colorado State Univ, Dept Agr & Resource Econ, Ft Collins, CO 80523 USA; 3.Shanghai Univ Finance & Econ, Sch Publ Econ & Adm, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Muhammad, Andrew,Leister, Amanda M.,McPhail, Lihong,et al. The evolution of foreign wine demand in China[J]. AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS,2014,58(3):392-408.
APA	Muhammad, Andrew,Leister, Amanda M.,McPhail, Lihong,&Chen, Wei.(2014).The evolution of foreign wine demand in China.AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS,58(3),392-408.
MLA	Muhammad, Andrew,et al."The evolution of foreign wine demand in China".AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS 58.3(2014):392-408.