Ciaian, Pavel; d'Artis Kancs; Michalek, Jerzy - LICOS Centre for Institutions and Economic Performance, … - 2011
This paper estimates the capitalization of the Single Payment Scheme (SPS) into land values. The theory suggests that … approach to estimate the capitalization of the SPS. Our results suggest that around 6 percent of the total SPS get capitalized … a large variation in the capitalization rate for different SPS levels, and between Member States (between 0 and 58 …