The paper investigates the impact of the Common Agricultural Policy (CAP) subsidies on farm total factor productivity (TFP) in the European Union (EU). We employ a structural semi-parametric estimation algorithm directly incorporating the effect of subsidies into a model of unobserved...

This paper analyses the income and structural effects of the Single Payment Scheme (SPS). In particular, we analyze how the income distributional effects and farm restructuring are impacted by the SPS by accounting for entitlement tradability, cross-compliance and CAP 'greening' requirements,...

The paper analyses how the rising agricultural prices affect heterogenous farm access to inputs and production under credit market imperfections in the CEE transition countries. Using farm level panel data which contains 37416 observations, we estimate a farm credit constraint equation and find...

In this paper we study the determinants of the factor content of the CEE agricultural trade. Examining empirically three hypothesis, which relate cross-country differences in technology, relative factor abundance and transaction costs and market imperfections to the factor content of trade, we...