Rizov, Marian; Pokrivcak, Jan; Ciaian, Pavel - International Association of Agricultural Economists - IAAE - 2012
The paper investigates the impact of the Common Agricultural Policy (CAP) subsidies on farm total factor productivity … effect of subsidies into a model of unobserved productivity. We empirically study the effects using the Farm Accountancy Data … Network (FADN) samples for the EU-15 countries. Our main findings are clear: subsidies impact negatively farm productivity in …