Analysis of Australian Wine Export Potentials to Russia

In this paper a model of import demand for Australian wine to Russia is developed and estimated. The analysis covers the period between 1995 and 2008. The results show that the level of income is one of the strongest determinants of import demand for Australian wine in Russia. The coefficient estimate suggests that one percent increase in real income level leads to approximately 3.2 percent increase in import demand for Australian wine. The real...