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...

Slovak sectoral partial equilibrium econometric model based on AG-MEMOD approach is used to analyse the development of the Slovak agricultural markets after EU accession. Simulation results for cereals, oilseeds and meats are provided in this article. Two scenarios are analysed: non-accession...

Factor Markets Coordination: Centre for European Policy Studies (CEPS), Brussels, Belgium

We develop a two-stage political economy model that explicitly models the complexity of decision-making in the European Union on the Common Agricultural Policy, and we derive how the institutional design affects the outcome and the influence of the various agents involved, and the likelihood of...

Factor Markets Coordination: Centre for European Policy Studies (CEPS), Brussels, Belgium

Factor Markets Coordination: Centre for European Policy Studies (CEPS), Brussels, Belgium

In this paper we estimate the impact the CAP subsidies on farm bank loans. According to the theoretical results, if subsidies are paid at the beginning of the growing season they may reduce bank loans, whereas if they are paid at the end of the season they increase bank loans, but these results...

Farm restructuring in post-communist transition countries has resulted in a broad range of farm types, such as cooperatives, companies, partnerships and sole proprietorships. This study examines which factors affect production organization choices of rural households with an emphasis on the role...

With the Doha Round of negotiations having come to a standstill, more countries opt for preferential trade agreements with only a limited number of partners. Starting two recent negotiations, the Trans-Pacific Partnership and the EU-US trade deal, might mark the beginning of a new era in...

Croatia joined the European Union (EU) on July 1st, 2013. This paper assesses the likely effects of this accession on the agricultural and food sectors, and analyses the impact on the EU, Croatia and their main trading partners. It considers both the harmonization of Croatia's trade instruments...