Tag: economic crisis

In recent years, the European wine industry has faced rising global competition, changing consumer preferences, and repeated economic crises. This paper explores the comparative advantages of the European Union’s (EU) wine-producing and consuming countries targeting international markets from 2010 to 2023, focusing on the specific impacts of economic crises on trade competitiveness. This research identifies the leading EU wine market players and their trade dynamics. Furthermore, it assesses their competitive positions in the world wine market using international wine trade data that assesses symmetric revealed comparative advantages (SRCA) for different wine products (sparkling, bottled, and bulk wines). Furthermore, it applies econometric models to capture the impacts of recent economic crises. Results suggest that traditional wine-exporting countries such as France, Italy, Spain, and Portugal were able to preserve their comparative advantage in the last decades despite declining consumption trends. Results show a stable comparative advantage in bottled wine categories despite the pressure of economic crises. Findings provide recommendations for policymakers and wine industry players to identify the dynamics behind the global wine trade pattern considering, different product segments.

This study analyses the determinants of labour force transition to inactivity in the German labour market. Using German Labour Force Survey data the influence on the transition flow to inactivity of factors such as age, education, marital status, sex and registration with the public employment service are examined. We present estimates of degree of urbanisation-specific multinominal logit models to analyse the determinants of individuals’ transition probabilities in rural and urban areas. By comparing the influence of the factors that affect transition to inactivity before (2002-07) and during (2008-09) the global economic crisis, this paper contributes to the general understanding of transitional labour market flow dynamics during the crisis period. The findings suggest that during the crisis period education level and marital status have had different impacts in rural and urban regions on the transition to inactivity. While these two factors influenced the transition to inactivity before the crisis, their effect has been stronger during it. Additionally the results suggest that the interaction of individuals with institutional settings (e.g. registration with the public employment service) have to be taken into account when designing active labour market policy measures, especially during crisis periods. Knowledge about the influence of these factors on the ...