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American Economic Review Vol. 101 No. 3 2011

Climate, Grapevine Phenology, Wine Production, and Prices: Pauillac (1800–2009)

Jean-Michel Chevet1; Sébastien Lecocq2; Michael Visser3

1 ADES-UMR 5185, ISVV-INRA, 210 chemin de Leysotte, CS 50008, 33882 Villenave-d'Ornon Cedex, France. · 2 INRA, UR 1303 ALISS, 65 boulevard de Brandebourg, 94205 Ivry-sur-Seine Cedex, France. · 3 CREST and ERMES, 26 rue des Fossés Saint-Jacques, 75005 Paris, France.

Abstract

This paper analyzes 19th and 20th century data from a well-known château in Bordeaux. The dataset includes information on weather conditions, starting dates of three phenological stages of grapevine, prices, and yields. We discuss how these variables have evolved over the last two centuries. We also study to what extent the impact of climate on yields and prices has changed over time. Our regression analysis suggests that the effect of temperature on yields has become weaker since the 19th century. The influence on prices has, on the contrary, become stronger.

DOI
10.1257/aer.101.3.142
Volume
101
Issue
3
Pages
142-146
Language
en
Sources
bibtex:phds-export.bib crossref openalex

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