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

Review of Agricultural and Applied Economics, RAAE, VOL.17, No. 2/2014

ARTICLE TYPE: REGULAR ARTICLE
RECORD ONLINE: 04.10.2014
‹ Previous article Next article ›
KEYWORDS:
Czech wine market, market supply, quality white wine, price-supply cointegration, error correction model, price-supply elasticity
DOI NUMBER:
10.15414/raae.2014.17.02.32-37
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.
JEL CODES:
L21, M21, Q11
PAGES:
32 - 37
Please Cite this Article as:

Pavel SYROVÁTKA, Pavel ŽUFAN (2014) Price Elasticity Of Supply Of Bottled Quality White Wine In The Czech Republic. Review of Agricultural and Applied Economics. XVII (Number 2, 2014): 32-37. doi: 10.15414/raae.2014.17.02.32-37
URL for sharing:

http://roaae.org/1336-9261/doi/abs/10.15414/raae.2014.17.02.32-37

FULL TEXT PDF:
▼ direct download link| view online in fullscreen ▲

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.

Review of Agricultural and Applied Economics | ISSN 1336-9261
Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia.
Technical solution by jajo.online (2012)

© 2022