Year: 2014
Type: article
Abstract: 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.
Source: Acta oeconomica et informatica
Authors: Pavel SYROVÁTKA, Pavel ŽUFAN
Institution: Mendel University in Brno
Language: English
Topic: Wine Industry and Tourism
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2331717825