PRICE ELASTICITY OF SUPPLY OF BOTTLED QUALITY WHITE WINE IN THE CZECH REPUBLIC

This paper is focused on the supply of the Czech producers of bottled quality white wine. Namely, a dependence of their sales of this wine category on the market price of bottled quality white wine was examined. Monthly data from the CZSO and SZIF database, years 2004–2012, were used for the price-supply analysis. Price-supply reactions of the Czech wine producers were investigated through two-stage cointegration method developed by Engle and Granger. Short-term and long-term price elasticity of studied market supply was based on the error correction model designed and statistically verified by the authors.


Issue Date:
Oct 04 2014
Publication Type:
Journal Article
DOI and Other Identifiers:
doi: 10.15414/raae.2014.17.02.32-37 (Other)
PURL Identifier:
http://purl.umn.edu/196634
Published in:
Review of Agricultural and Applied Economics (RAAE), Volume 17, Number 2
Page range:
32-37
Total Pages:
6
JEL Codes:
L21; M21; Q11
Note:
http://roaae.org/wp-content/uploads/2014/11/RAAE_02_2014_Syrovatka_Zufan.pdf




 Record created 2017-04-01, last modified 2017-08-28

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