Macroeconomic determinants of Port and Douro wine exports: An econometric approach

  • Anthony Macedo Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD)
  • Sofia Gouveia Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD)
  • João Rebelo Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD)

Abstract

This study analyses recent trends (2006-2018) in Port and Douro wine exports and estimates their macroeconomic determinants. The results of the gravity equation reveal that the purchasing power in importing countries is the most important export determinant of Port and Douro wines. Therefore, in order to increase exports, the strategic decision-makers concerned with the industry should pay special attention to the markets in wealthier countries or with a high potential for economic growth, taking into account issues such as market access, adaptation to the market to wine consumption, and regulation.

Published
2020-11-20
How to Cite
Macedo, A., Gouveia, S. and Rebelo, J. (2020) “Macroeconomic determinants of Port and Douro wine exports: An econometric approach ”, REGION, 7(2), pp. L1-L8. doi: 10.18335/region.v7i2.314.
Section
Letters
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