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  • Pharmacare consensus principles released today September 24, 2018
    A diverse coalition representing health care providers, non-profit organizations, workers, seniors, patients and academics has come together to issue a statement of consensus principles for the establishment of National Pharmacare in Canada. Our coalition believes that National Pharmacare should be a seamless extension of the existing universal health care system in Canada, which covers medically […]
    Canadian Centre for Policy Alternatives
  • Kate McInturff Fellowship in Gender Justice September 19, 2018
    The CCPA is pleased to announce the creation of the Kate McInturff Fellowship in Gender Justice.This Fellowship is created to honour the legacy of senior researcher Kate McInturff who passed away in July 2018. Kate was a feminist trailblazer in public policy and gender-based research and achieved national acclaim for researching, writing, and producing CCPA’s […]
    Canadian Centre for Policy Alternatives
  • The buck-a-beer challenge Ontario deserves September 6, 2018
    Ricardo Tranjan proposes an alternate plan to Doug Ford's buck-a-beer challenge in the Toronto Star.
    Canadian Centre for Policy Alternatives
  • Growing number of professionals face job insecurity, study finds September 6, 2018
    The Toronto Star's Sara Mojtehedzadeh discusses the findings of the CCPA Ontario's report, No Safe Harbour and gathers firsthand accounts from precariously employed professionals who live and work in Ontario.
    Canadian Centre for Policy Alternatives
  • Our Schools/Our Selves: The view from West Virginia September 4, 2018
    Our latests publication, Lesson Here, digs in to the West Viriginia teachers' strike.  Read the firsthand accounts of the work stoppage here.
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

The Economics of Terroir

For the wine lovers among us progressive economists, which definitely includes me, this NBER paper offers up a, well, sobering argument.

“We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir – as proxied for by locational attributes – is not significant.”

Enjoy and share:

Comments

Comment from Thomas Bergbusch
Time: February 10, 2011, 3:46 pm

The key, I think, is what the definition of terroir used is. It is usually misused in North America — being a more complex concept merely than one to do with locational attributes, whether one is talking about a local wine or a fromage “de chez nous”. Terroir and “les produits du terroir” as a word has such a great ring to it that it is easily used to market local and regional products, but, as an oenologist explained to me a few years ago in Burgundy, terroir refers both to locational attributes AND to a set of social relations and traditional practices (and, yes, local natural, social, political and religious conditions) associated with prodution of the wine, and I do not believe that this article captures that aspect of the term. Of course the concept of terroir may be entirely bogus, and too complicated to be meaningful.

Comment from Iglika Ivanova
Time: February 10, 2011, 5:27 pm

Because we all know that the price of wine is a perfect reflection of its value. Oh wait…

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