Publication Date

12-2022

Date of Final Oral Examination (Defense)

4-19-2022

Type of Culminating Activity

Thesis

Degree Title

Master of Science in Economics

Department

Economics

Supervisory Committee Chair

Michail Fragkias Ph.D.

Supervisory Committee Member

Samia Islam Ph.D.

Supervisory Committee Member

Kelly Chen Ph.D.

Supervisory Committee Member

Geoffrey Black Ph.D.

Abstract

This paper estimates a vector autoregression model for average wine prices across U.S. cities to assess the impact of tariff changes on the U.K., France, Germany, and Spain after they were enacted in October 2019. It uses impulse response functions to gauge how a one-unit impulse in the per-liter duty rate may effect the average wine price in the U.S. and the quantity of wine from various exporters to the U.S. It finds that a one-unit impulse in the duty rate levied against the bloc of countries impacted by the tariff results in a fall in the quantity of wine imported from those countries and that wine from the bloc of countries is substituted with wine from the top three exporters not included in the bloc.

DOI

https://doi.org/10.18122/td.2021.boisestate

Included in

Economics Commons

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