Author, as appears in the article.: Teruel, Mercedes; Soldevila-Lafon, Victoria; Martin-Bofarull, Monica;
Department: Economia
URV's Author/s: Martín Bofarull, Mónica / Soldevila Lafon, Maria Victòria / Teruel Carrizosa, Mercedes
Keywords: Wtp Vine planting authorizations Var model Sector Prosecco wine Preferences Political-economy Origin Designations of origin Designation Demand Champagne Cava wine
Abstract: Purpose This paper aims to establish the determinants of production in the Spanish Designation of Origin (DO) area for Cava wine and forecasts sales to establish vineyard area variations that maintain market equilibrium. Design/methodology/approach By applying a vector autoregressive (VAR) model, the authors forecast demand and the consequent requirements for base wine production. Findings The results show that Cava sales determine the base wine supply. After forecasting demand and the consequent requirements for base wine, the authors' results show that, to avoid oversupply, the vineyard area for Cava wine should not be increased. Practical implications The paper develops a simple and effective method for DOs affected by the current European wine plantation regulations to forecast from a supply and demand perspective and their surface needs in response to market changes. Originality/value This study contributes to the literature because, to the best of the authors' knowledge, no other study has investigated the determinants of Cava supply and demand or defines a model to assess the effects of changes in growing areas. The model is applicable to other European protected designations of origin wines and would help policymakers to accurately establish vine planting authorizations.
Thematic Areas: Saúde coletiva Nutrição Medicina ii Medicina i Interdisciplinar Food science & technology Food science Farmacia Engenharias iii Engenharias i Educação física Economia Ciencias sociales Ciências ambientais Ciência de alimentos Business, management and accounting (miscellaneous) Business and management Agricultural economics & policy Administração pública e de empresas, ciências contábeis e turismo
licence for use: https://creativecommons.org/licenses/by/3.0/es/
Author's mail: mariavictoria.soldevila@urv.cat mercedes.teruel@urv.cat monica.martin@urv.cat monica.martin@urv.cat
Author identifier: 0000-0003-1676-3945 0000-0002-4104-7679 0000-0003-0147-8623 0000-0003-0147-8623
Record's date: 2024-07-20
Papper version: info:eu-repo/semantics/publishedVersion
Link to the original source: https://www.emerald.com/insight/content/doi/10.1108/BFJ-12-2021-1286/full/html
Licence document URL: http://repositori.urv.cat/ca/proteccio-de-dades/
Papper original source: British Food Journal. 125 (13): 1-15
APA: Teruel, Mercedes; Soldevila-Lafon, Victoria; Martin-Bofarull, Monica; (2022). A forecast of Cava wine sales applied to vine planting authorizations. British Food Journal, 125(13), 1-15. DOI: 10.1108/BFJ-12-2021-1286
Article's DOI: 10.1108/BFJ-12-2021-1286
Entity: Universitat Rovira i Virgili
Journal publication year: 2022
Publication Type: Journal Publications