DBPapers
DOI:10.5593/SGEM2013/BE5.V2/S21.001

A REGRESSION ANALYSIS OF THE EFFECT OF IMPORTANT DETERMINANTS ON WINE PRODUCTION

O. Olaru, C. Marinescu
Tuesday 6 August 2013 by Libadmin2013

References: 13th SGEM GeoConference on Ecology, Economics, Education And Legislation, www.sgem.org, SGEM2013 Conference Proceedings, ISBN 978-619-7105-05-6 / ISSN 1314-2704, June 16-22, 2013, Vol. 2, 3 - 10 pp

ABSTRACT

Different than a study of wine production at microeconomic level, this paper tries to outline key elements influencing wine production at macroeconomic level, with emphasis on investments. These parameters of interest describe technology, human capital and environmental aspects related to wine industry. All of them are considered components of the larger term of eco-efficiency, so by studying their influence on wine production, we manage to integrate this concept in the wine industry. At first, the importance of the field and the chosen theme is formulated. Secondly, earlier related research is brought into attention, to give our study a foundation. Thirdly, the chosen method based on panel data regression analysis provides estimates for all variables taken into consideration. Among the countries selected and included in the study, are also the greatest wine producers in Europe. The paper confirms that investments in the wine making industry are supporting wine production, even though seen globally this is a process influenced by climatic conditions. Investments’ eco-efficiency is measured precisely by this dependent variable, that is wine production. Taking into consideration the analysis’ limitations, the results are indicating future research directions regarding the eco-efficiency of investments in wine industry.

Keywords: wine production, investments, CO2 emissions, energy intensity, eco-efficiency.