A Demand Analysis of the Korean Wine Market Using an Unrestricted Source Differentiated LA/AIDS Model

2009 ◽  
Vol 4 (2) ◽  
pp. 185-200 ◽  
Author(s):  
Youngjae Lee ◽  
P. Lynn Kennedy ◽  
Brian M. Hilbun
Keyword(s):  
Jel Classification ◽  
Demand Analysis ◽  
Test Results ◽  
Price Effect ◽  
Aids Model ◽  
Wine Consumption ◽  
Aggregated Model ◽  
Wine Market ◽  
Wine Demand

AbstractAn unrestricted source differentiated LA/AIDS model was used to estimate Korean wine demand. In doing so, this study tested the null hypotheses of product aggregation, block separability and substitutability. The test results show that the unrestricted source differentiated model is significantly different from the aggregated model, separated model, and restricted source differentiated model at the conventional level. By using this system-wide model, this study estimated price and expenditure elasticities to identify the price effect on Korean wine consumption. (JEL Classification: F10, F11, F13)

Analyzing Wine Demand with Artificial Neural Networks

2008 ◽  
Vol 3 (1) ◽  
pp. 30-50 ◽  
Author(s):  
Margherita Gerolimetto ◽  
Christine Mauracher ◽  
Isabella Procidano
Keyword(s):  
Neural Networks ◽  
Artificial Neural Networks ◽  
Sociodemographic Factors ◽  
Parametric Model ◽  
Jel Classification ◽  
Demand Analysis ◽  
Parametric Approach ◽  
Economic Variables ◽  
Artificial Neural ◽  
Wine Demand

AbstractIn this paper we analyse wine demand in Italy with microdata. Instead of estimating a parametric model, we study the demand following a non parametric approach by means of Artificial Neural Networks. The input set includes the usual economic variables (price and income) and some sociodemographic factors that are also shown to be relevant for demand analysis. We compute price elasticities using two different nonparametric procedures. (JEL Classification: C14, C21, Q11, Q13)

scholarly journals The development of main factors of the wine demand

2009 ◽  
Vol 55 (No. 7) ◽  
pp. 321-326 ◽  
Author(s):  
H. Chládková ◽  
P. Tomšík ◽  
S. Gurská
Keyword(s):  
Czech Republic ◽  
Consumer Preferences ◽  
Wine Quality ◽  
The Czech Republic ◽  
Wine Consumption ◽  
Pet Bottles ◽  
Main Factors ◽  
Per Capita ◽  
Wine Market ◽  
Wine Demand

The paper identifies and analyses the main factors which influenced the wine demand. The average annual wine consumption per capita is the basic factor of the wine demand. The average annual wine consumption, one of the wine demand factors, grew between 2003 and 2007 from 16.3 l to 18.5 l per capita. Following this trend, we can expect the average annual wine consumption 19.0 l per capita in year 2010. A positive feature of this development is also the fact, that there grows the demand after the quality wines. At the same time, there grows also the consumption of the lower quality, cheap wines packed in boxes or PET bottles. A continuously growing tendency can be also noticed in the red-wine consumption. This change of consumer preferences has significantly influenced the growth of the share of the red varieties in the new-planted vineyards. However, there are critical factors in the development of the demand for wine demand here. Specifically, it is the daily feasible ration of alcohol in wine and other alcoholic drinks, especially beer that we can treat as the substitute of wine. The average annual beer consumption moves about 160 l per capita in the Czech Republic. The continuously growing tendency of wine consumption is reduced by the lower price of beer too, because beer is the cheapest alcoholic drink in the Czech Republic. The taste and preferences of consumers have been changing, that means, that the consumers are the ones who decide about the wine quality, and not producers. That is why this paper includes the partial results of the research oriented on the habits and behaviour of consumers in the wine market in the Czech Republic. It is concentrated on the wine sellers opinions on demand development in the wine market.

scholarly journals Analysis and Forecasts of the Demand for Imported Wine in China

2021 ◽  
pp. 193896552098107
Author(s):  
Anyu Liu ◽  
Haiyan Song
Keyword(s):  
Single Equation ◽  
Specific Model ◽  
Specific Method ◽  
Sparkling Wine ◽  
Econometric Methods ◽  
Distributed Lag ◽  
Distributed Lag Models ◽  
Wine Market ◽  
Wine Demand

The aim of this study is to investigate the long-term determinants of China’s imported wine demand and to forecast wine imports from 2019 to 2023 using econometric methods. Auto-regressive distributed lag models are developed based on neoclassical economic demand theory to investigate the long-term determinants of China’s demand for imported bottled, bulk, and sparkling wine from the top five countries of origin. The empirical results demonstrate that income is the most important determinant of China’s imported wine demand, and that price only plays a significant role in a few markets. Substitute and complement effects are identified between wines from different countries of origin and between imported wines and other liquids. China’s imported wine demand is expected to maintain its rapid growth over the forecast period. Bottled wine will continue to dominate China’s imported wine market. France will have the largest market share in the bottled wine market, Spain will be the largest provider of bulk wine, and Italy will hold the same position for sparkling wine. This is the first study to use a single equation with the general to specific method rather than a system of equations to estimate and forecast China’s demand for imported bottled, bulk, and sparkling wines from different countries of origin. The more specific model setting for each country of origin improves forecasting accuracy.

scholarly journals Wine market potential in Ukraine

Ekonomika APK ◽  
2020 ◽  
Vol 311 (9) ◽  
pp. 17-29
Author(s):  
Volodymyr Rossokha ◽  
Oleksandr Petrychenko
Keyword(s):  
Supply And Demand ◽  
Domestic Market ◽  
Market Potential ◽  
European Countries ◽  
Wine Industry ◽  
Raw Material ◽  
Wine Consumption ◽  
Production And Consumption ◽  
Per Capita ◽  
Wine Market

The purpose of the article is to carry out a comprehensive analysis of the raw material market of wine products, production and distribution of wine through sales channels, opportunities and restrictions on the sale of wine in domestic and foreign markets; to determine the state and potential volumes of wine consumption in Ukraine; to elaborate ways and directions of development of production and consumer potential of the domestic wine market to ensure supply and demand formation. Research methods includes an abstract-logical method to substantiate the production and consumer potential of the market; analysis and synthesis – to establish the size of the area, yield, gross harvest, processing of grapes into wine materials, range of products, geography of export and import and wine consumption; economical and statistical and balance methods – for identifying trends and patterns of production and factors influencing the market of wine products, imbalances in the production and consumption of wine in the domestic market; comparative and calculation-constructive methods – to compare the levels of wine consumption in Ukraine and EU countries and substantiation of the consumer potential of the wine market in Ukraine; standard-cost method - for determining the amount of investment in the raw material base of the wine industry to develop production capacity and ensure supply in the wine market. Research results. Analysis of the market dynamics in the segments of grape growing and processing, the nomenclature of production, distribution and consumption of wine showed the discrepancy between the supply of raw materials on the market for loading the capacity of wineries, accompanied by the filling the domestic market with imported products. The ratio of wine exports to imports, production volumes to exports and imports, the share of domestic production and imports in the consumption fund and per capita has been established. The capacity of the domestic market for wine consumption in Ukraine at the level of European countries and the amount of investment to ensure its supply of wine products is determined. The ways and directions of development of production and consumer potential of the domestic wine market are outlined. Scientific novelty. The disproportions in the production and consumption of wine in the domestic market, the differences in the consumption of wine per capita in Ukraine and European countries are grounded. The production and consumer potentials of the domestic wine market have been determined. The volumes of investments, ways and directions of development of the production and consumer potential of the market for the interaction of supply and demand have been established. Practical significance. The investigated trends in the development of the production and consumer potential of the wine market serve as a guideline for making rational management decisions on the choice of ways and directions for increasing production and domestic consumption of products of the wine industry.

Factors Affecting the Decisions of West Kalimantan Society to Use Hospital in Sarawak Malaysia

2018 ◽  
Vol 3 (3) ◽  
pp. 75-79
Author(s):  
Juniwati Juniwati ◽  
Helma Malini ◽  
Herni Supriyatni
Keyword(s):  
Word Of Mouth ◽  
Significance Test ◽  
Jel Classification ◽  
Test Results ◽  
Hospital Services ◽  
Snowball Sampling ◽  
Factors Affecting ◽  
West Kalimantan ◽  
Community Decision

Objective - The purpose of this research is to examine and analyze the factors that influence the decision of West Kalimantan citizens to use hospital services in Sarawak Malaysia, which includes: quality of service with dimensions of tangibles, reliability, responsiveness, assurance and empathy, word of mouth, cultural homogeneity, price value, and location. Methodology/Technique - This study is a causality research with the population of respondents who have used hospital services in Sarawak Malaysia. The sampling was conducted using a purposive sampling method and snowball sampling, and the number of samples used is 150 people. The data is analyzed using multiple regressions. Findings - The results of the F significance test is 0.000 and the adjusted test results show R2 = 0.678. The t test results show that tangibles, reliability, assurance, word of mouth, cultural homogeneity, price value, and location have a significant effect on decisions, while responsiveness and empathy have no significant effect. Novelty - Price value has the most significant influence on the decision to use hospitals in Sarawak, Malaysia. Price value can be interpreted as costs incurred in accordance with the benefits obtained. Type of Paper: Empirical. Keywords: Community Decision West Kalimantan; Hospitals in Sarawak Malaysia. JEL Classification: I10, I12, I19.

Pengaruh Faktor-Faktor Fundamental dan Teknikal terhadap Dividend Payout Ratio

2015 ◽  
Vol 2 (02) ◽  
pp. 218-228
Author(s):  
Nyi Raden Sella Ayu Ardiyanti
Keyword(s):  
Stock Exchange ◽  
Jel Classification ◽  
Test Results ◽  
Manufacturing Companies ◽  
Partial Regression Coefficient ◽  
Dividend Payout ◽  
Normality Test ◽  
Analysis Technique ◽  
Equity Ratio ◽  
Level Of Significance

A B S T R A C T This study aims to examine the extent to which the implementation of the cash ratio, debt to equity ratio, return on asstes, earning per share, inflation and interest and dividend payout ratio impact on the results of an empirical study on manufacturing companies in indonesia stock exchange during the period 2010-2014. The sample used in this study as many as 11 companies for 5 years consecutive issued dividend. The analysis technique used in this research is multiple linear regression and hypothesis testing using t-statistic to test the partial regression coefficient and f-statistic to test the feasibility of the research model with 5% level of significance. It also conducted a classic assumption test including normality test, multicolinearity test, heteroscedasticity test and autocorrelation test. Results of the analysis showed that the variable cash ratio, return on asstes, and earning per share, positive and significant impact on the dividend payout ratio, while the variable debt to equity ratio, inflation and interest rate negative and not significant to the dividend payout ratio. A B S T R A K Riset ini bertujuan untuk meneliti sejauh mana implementasi cash ratio, debt to equity ratio, return on asstes, earning per share, Inflasi dan Suku Bunga dan dampaknya pada dividend payout ratio hasil studi empiris pada perusahaan Manufaktur di Bursa Efek Indonesia selama periode 2010-2014. Sampel yang digunakan dalam penelitian ini sebanyak 11 perusahaan yang selama 5 tahun berturut-turut mengeluarkan deviden Teknik analisis yang digunakan dalam penelitian ini adalah regresi linear berganda dan uji hipotesis menggunakan t-statistik untuk menguji koefisien regresi parsial serta f-statistik untuk menguji kelayakan model penelitian dengan level of significance 5%. Selain itu juga dilakukan uji asumsi klasik yang meliputi uji normalitas, uji multikolinieritas, uji heteroskedastisitas dan uji autokorelasi. Hasil analisis menunjukan bahwa variabel cash ratio, return on asstes, dan earning per share, berpengaruh positif dan signifikan terhadap dividend payout ratio, sedangkan variabel debt to equity ratio, Inflasi dan Suku Bunga berpengaruh negatif dan tidak signifikan terhadap dividend payout ratio. JEL Classification: G10, G32

scholarly journals The Sideways Effect: A Test for Changes in the Demand for Merlot and Pinot Noir Wines

2009 ◽  
Vol 4 (2) ◽  
pp. 219-232 ◽  
Author(s):  
Steven S. Cuellar ◽  
Dan Karnowsky ◽  
Frederick Acosta
Keyword(s):  
Structural Changes ◽  
Statistical Tests ◽  
Jel Classification ◽  
Pinot Noir ◽  
Wine Consumption ◽  
Price Point ◽  
Before And After

AbstractThis paper examines the effect of the movie Sideways on US wine consumption. Specifically, we examine the affects of the movie on the consumption of Merlot, which is derided in the movie and the affect on Pinot Noir, which is praised. We examine the trends in consumption before and after the movie and perform statistical tests for structural changes in consumption. We also test for changes in consumption of each varietal by price point. (JEL Classification: C22)

scholarly journals Dukungan Manajemen Puncak, Kemampuan Teknik, Pelatihan Karyawan dan Kinerja Sistem Informasi Akuntansi Perbankan

1970 ◽  
Vol 3 (01) ◽  
pp. 109-120
Author(s):  
Dwinanto Priyo Susetyo ◽  
Dadang Sadeli ◽  
Surtikanti Surtikanti
Keyword(s):  
Information Systems ◽  
Accounting Information ◽  
Employee Training ◽  
Jel Classification ◽  
Top Management ◽  
Management Support ◽  
Test Results ◽  
Accounting Information Systems ◽  
Top Management Support ◽  
Electronic Transactions

A B S T R A C T This research is motivated by a number of banking companies are less able to provide good service to customers, especially relating to electronic transactions. The purpose of this study was to determine the effect of top management support, technical capabilities and training of employees on the performance of accounting information systems. This study used a survey by distributing questionnaires by 73 bank’s employees as of accounting information systems. The test results show that support of top management and the ability of users of information systems affect the performance of accounting information systems but employee training has no effect on the performance of accounting information systems. A B S T R A K Penelitian ini dilatarbelakangi oleh banyaknya perusahaan perbankan yang kurang dapat memberikan pelayanan yang baik terhadap nasabah khususnya yang berhubungan dengan transaksi elektronik. Adapun tujuan dari penelitian ini adalah untuk mengetahui pengaruh dukungan manajemen puncak, kemampuan teknik dan pelatihan karyawan terhadap kinerja sistem informasi akuntansi. Penelitian ini menggunakan survei dengan menyebarkan kuesioner sebanyak 73 pegawai bank di wilayah Sukabumi. Sampel yang diambil dari populasi tersebut adalah pemakai sistem informasi akuntansi. Hasil pengujian menunjukkan bahwa dukungan manajemen puncak dan kemampuan pemakai sistem informasi berpengaruh terhadap kinerja sistem informasi akuntansi tetapi pelatihan karyawan tidak berpengaruh terhadap kinerja sistem informasi akuntansi. JEL Classification: M53, M41

scholarly journals Kompensasi, Independensi, Profesionalisme dan Etika Profesi Internal Auditor terhadap Kualitas Audit di Inspektorat Jenderal Kementerian Ketenagakerjaan

1970 ◽  
Vol 3 (02) ◽  
pp. 199-210
Author(s):  
Aulia Saputra ◽  
Dwi Setiawan Susanto
Keyword(s):  
Regression Analysis ◽  
Professional Ethics ◽  
Audit Quality ◽  
Jel Classification ◽  
Primary Data ◽  
Coefficient Of Determination ◽  
Test Results ◽  
Internal Auditor ◽  
Internal Auditors

A B S T R A C T The purpose of this study was to determine and analyze the influence of competence, independence, professionalism and professional ethics of internal auditors to audit the quality of the Inspectorate General of Ministry of Manpower. The data used in this study are primary data obtained through questionnaires distributed to 60 auditors at the Inspectorate I until IV . Tests carried out by the analysis of data using SPSS regression. Based on the test results coefficient of determination, it is known that the competence, independence, professionalism and ethics of auditors affect audit quality by 84,6 %, while the remaining 15,4% is influenced by other factors. Meanwhile, regression analysis and hypothesis testing showed that the competence, independence, professionalism and ethics of the profession have a significant effect on audit quality either partially or simultaneously. A B S T R A K Tujuan dari penelitian ini adalah untuk mengetahui dan menganalisis bagaimana pengaruh kompetensi, independensi, profesionalisme dan etika profesi internal auditor terhadap kualitas audit pada Inspektorat Jenderal Kementerian Ketenagakerjaan RI. Data yang digunakan dalam penelitian ini adalah data primer yang diperoleh melalui kuisioner yang disebarkan kepada 60 auditor pada Inspektorat I s.d. IV. Pengujian data dilakukan dengan analsis regresi menggunakan aplikasi SPSS. Berdasarkan hasil uji koefesien determinasi, diketahui bahwa kompetensi, independensi, profesionalisme dan etika auditor mempengaruhi kualitas audit sebesar 84,6%, sedangkan sisanya sebesar 15,4% dipengaruhi oleh faktor lain. Sementara itu, Hasil analisis regresi dan uji hipotesis menunjukkan bahwa kompetensi, independensi, profesionalisme dan etika profesi memiliki pengaruh yang signifikan terhadap kualitas audit baik secara parsial maupun secara simultan. JEL Classification: H83

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