Arbeitspapier

"As time goes by": Econometric estimation of the Prosecco life cycle

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.

Language
Englisch

Bibliographic citation
Series: EERI Research Paper Series ; No. 13/2022

Classification
Wirtschaft
Model Construction and Estimation
Quantitative Policy Modeling
Subject
Product life cycle
Prosecco CDO
life cycle empirical specification
3SLS
OLS

Event
Geistige Schöpfung
(who)
Onofri, Laura
Boatto, Vasco
Event
Veröffentlichung
(who)
Economics and Econometrics Research Institute (EERI)
(where)
Brussels
(when)
2022

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Onofri, Laura
  • Boatto, Vasco
  • Economics and Econometrics Research Institute (EERI)

Time of origin

  • 2022

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