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The Agricultural and Food Trade in the First Globalization: Spanish Table Wine Exports 1871 to 1935 – A Case Study*

Published online by Cambridge University Press:  08 June 2012

Vicente Pinilla  and
Raúl Serrano
Vicente Pinilla
Affiliation:
Department of Applied Economics and Economic History, University of Zaragoza, Gran Via 4, 50005 Zaragoza (Spain), email: [email protected]
Raúl Serrano
Affiliation:
Department of Business Administration, University of Zaragoza, Gran Via 4, 50005 Zaragoza (Spain), email: [email protected]
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Abstract

The objective of the present study is to analyze the overall trajectory of Spanish table wine exports during the period 1871–1935 and provide convincing explanations of the pattern. Thus, we employ an approach that takes all of the possible explanatory factors into account, instead of adopting a narrower approach which focuses on a single principal factor. The methodology employed consists of using a gravity model to explain trade flows in Spanish table wine. Our results highlight the key role of trade policies in the determination of export possibilities and the difficulties derived from the export of products which are characterized by the low or non-existent change in demand when income changes. These results may shed a little more light on the determinants of trade in the first phase of globalization. (JEL Classification: F14, N73, N74, Q17)

Type
Articles
Information
Journal of Wine Economics , Volume 3 , Issue 2 , Winter 2008 , pp. 132 - 148
Copyright
Copyright © American Association of Wine Economists 2008

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