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"As Time Goes by": Econometric Estimation of the Prosecco Life Cycle

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  • Laura Onofri
  • Vasco Boatto

Abstract

This paper presents an empirical model that estimates the Prosecco life cycle. We use OLS and 3SLS to estimate the life cycle of Prosecco (1) worldwide, (2) as a system of equations in selected countries and (3) as a system of equations in comparison with Cava and Champagne. Our results reveal that Prosecco is approaching maturity worldwide, different from Cava and Champagne, which have already achieved that phase. The Prosecco life cycle is in the growing phase in Germany, China and Japan, in the maturity phase in France, the United Kingdom and the U.S. and in the declining phase in Russia.

Suggested Citation

  • Laura Onofri & Vasco Boatto, 2022. ""As Time Goes by": Econometric Estimation of the Prosecco Life Cycle," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 65(3), pages 71-89.
    • Handle: RePEc:eei:journl:v:65:y:2022:i:3:p:71-89
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    More about this item

    Keywords

    Product life cycle; Prosecco CDO; life cycle empirical specification; 3SLS; OLS;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling

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