The impact of the Russian wine embargo: estimation of the economic impact

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Publishing date: Tuesday, 22 February 2011
Views: 15144

This study begins by assessing the current situation in the Moldovan winemaking sector and by identifying key constraints and problems affecting the development of this sector. Further on, using a Computable General Equilibrium model, the author estimimates the systemic impact of a potential new trade embargo of Russian Federation against Moldovan alcoholic products. Results of the simulations show that such a new shock would certainly add to the woes of the sector, however, it is not expected to be a catastrophic one.

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