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An Update: Is Globalization Continuing to Benefit American Wine Drinkers?*

Published online by Cambridge University Press:  14 May 2014

Omer Gokcekus  and
Bernard Lee
Omer Gokcekus*
Affiliation:
School of Diplomacy and International Relations, Seton Hall University, South Orange, NJ 07039, USA
Bernard Lee
Affiliation:
School of Diplomacy and International Relations, Seton Hall University, South Orange, NJ 07039, USA; e-mail: [email protected].
*
(corresponding author). e-mail: [email protected]
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Abstract

As in the 17 years leading up to 2005, as shown in Gokcekus and Fargnoli (2007), there was no change in quality between 2006 and 2012. There was more variety and, perhaps most importantly, the average real price of wines on Wine Spectator's Top 100 List declined even faster. However, rather than wines from the New-New World and Non-incumbent countries, it was wines from Italy, Spain, and Portugal—New-Old World—that were primarily responsible for these beneficial changes (greater variety and more affordable wines in the Top 100 List) for American wine drinkers. (JEL Classifications: F120, F140, C200)

Keywords

GlobalizationpricequalityU.S. wine marketvariety
Type
Articles
Information
Journal of Wine Economics , Volume 9 , Issue 3 , December 2014 , pp. 273 - 281
Copyright
Copyright © American Association of Wine Economists 2014 

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Footnotes

*

We thank Kym Anderson, Kevin Bengyak, Andrew Fargnoli, Adam Godet, Edward Tower, and in particular Karl Storchmann for their helpful comments and suggestions.

References

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