An Approach to the Valuation of Rioja Wine

Gómez‐Bezares, Fernando; Larreina, Mikel

doi:10.1080/09571260802164020

Cited by 8 publications

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“…In this paper, the Rioja region is the subject of the analysis 6 . This region is deeply linked to the vine-growing and wine-growing sectors, which play a leading role in the regional economy.…”

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confidence: 99%

“…The full Heritage list may be consulted at the following site: www.whc.unesco.org 5 Bordeaux (France), Fertö-Neusiedlersee (Austria), Costiera Amalfitana (Italy), and Portovenere (Italy). 6 Rioja wine producing region includes vineyards in southern Alava (in the south of the Basque Country), south-western Navarre and northern La Rioja, thus not corresponding to a single political or administrative region.…”

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confidence: 99%

“…The socioeconomic role of wine in some regions has been a major issue for national and supranational institutions, and for the regions with large wine producing sectors [4,5]. The development of economic clusters around the wine sector has been studied in a number of approaches: some authors have measured the economic impact of wine in the producing regions [6,7], and others have conducted economic analysis of the wine sector itself [8].…”

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Development Rooted on Riojan Soil: The Wine Cluster and Beyond

Larreina¹

2011

TOGEOGJ

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Abstract:The wine industry has experienced dramatic changes since the 80's. The surge of New Producing Countries challenging the Euro-centred status quo, the decline of consumption in traditional markets, the permanent large imbalances in the sector resulting in global overproduction, the apparition of new consumers, the development of wine tourism… In this period of time, Rioja, a region producing wines since the Middle Ages, has been able to use all its strengths to increase its market share in the wine global market, driving the regional economy to higher and more widespread social welfare. This paper shows the main features of this relation between wine and territory at Rioja, and the reasons for the successful performance of this sector, using a number of approaches (cluster, agro-industrial district, oenopolis) that progressively enlarge the scope of the analysis up to including all potential relations between the main regional sector and the society itself.

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Development Rooted on Riojan Soil: The Wine Cluster and Beyond

Larreina¹

2011

TOGEOGJ

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“…Riojan wine cluster has been the main force driving Riojan economic development in recent times (Gómez-Bezares & Larreina, 2008;Larreina & Aguado, 2008); simultaneously, it enjoys an unrivalled leading role within the Spanish wine sector, accounting for over 40% of the Spanish of quality wine by value. Nowadays, almost half of the wine being aged in Spanish wineries is held in Riojan "bodegas".…”

Section: Introduction: How Can the Wine Cluster Affect Macroeconomic mentioning

confidence: 99%

The land of “oenoeuros”. Wine as the source of regional inflation: the peculiar case of Rioja

Larreina

Gómez‐Bezares

2012

Journal of Wine Research

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How can wine affect the economy of a wine-producing region? Can it produce effects like those experienced in oil-producing countries? Those are the questions addressed in this paper, using Rioja as a case study. During the millennium period, while a structural change was taking place in Rioja wine cluster, Rioja's inflationary pattern also varied from its historical behaviour. While having less inflation than the Spanish average in the 1980s and early 1990s, the Rioja region became the most inflationary Spanish region in the millennium period. Simultaneously, the Riojan wine cluster enjoyed higher recognition in global markets, which encouraged new investments, the growth of the surface under vines and both a higher productivity and higher prices. This paper argues that the unprecedented growth of vinegrowing incomes in the period 1995-2007 determined the consumption made by grape producers' households, and consequently, they also influenced price dynamics in Rioja.

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“…This industry drives the region's economic development [14], boosting its development and its transition in 1993 from an impoverished rural region to one with European living standards. Currently, wine is viewed as an integral part of the Mediterranean diet and health benefits are associated with moderate consumption [15].…”

Section: Wine In La Riojamentioning

confidence: 99%

Impact of Infrastructure and Production Processes on Rioja Wine Supply Chain Performance

et al. 2018

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This paper presents a structural equation model for analyzing the relationship between four latent variables: infrastructure, production processes, transport benefits, and economic benefits within the supply chain for wine from La Rioja, Spain, by incorporating 12 observed variables. The model proposes six hypothesis that were tested using information gathered from 64 surveys completed by managers of several wineries in the region. The WarpPLS v.5 ® software (Version 5.0, Script Warp Systems, Laredo, TX, USA) was used to execute the model and analyze the direct, indirect, and total effects among latent variables. The results show that the control of production processes is a direct source of economic and transport benefits because of its higher explanatory power of those variables. Similarly, infrastructure is a direct source of transport and production benefits, and some of them are given indirectly. In addition, infrastructure does not have a direct effect on economic benefits; however, there were indirect effects given through production process and transport benefits. Infrastructure is a very important variable because of its influence in the final performance, but also because of its high environmental impact. Finally, economic benefits were explained in 43.8%, 19.1% belonging to production process, 21.1% coming from transport benefits, and 3.7% from infrastructure.

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An Approach to the Valuation of Rioja Wine

Cited by 8 publications

References 0 publications

Development Rooted on Riojan Soil: The Wine Cluster and Beyond

Development Rooted on Riojan Soil: The Wine Cluster and Beyond

The land of “oenoeuros”. Wine as the source of regional inflation: the peculiar case of Rioja

Impact of Infrastructure and Production Processes on Rioja Wine Supply Chain Performance

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