This paper provides an exposition and a critical assessment of the Common Agricultural Policy of the E.C. It focuses on the effects of this policy--most particularly on both its domestic and international economic implications--and on the scope for welfare-enhancing reform

The most important element in the recent reform of the Common Agricultural Policy, which is intended to reduce the concentration of aid distributed under the direct support system, is the so-called redistributive payment. The redistributive effects of this instrument depend on its specific form...

Czech farmers experienced an enormous exogenous shock when they joined the common agricultural market (CAM) and the Common Agricultural Policy (CAP) in 2004. Using the World Bank's dataset, we apply the synthetic control method to establish a counterfactual case of the Czech Republic food...

Organic agriculture is a relatively new production system, which is growing in importance worldwide. As in all enterprises, economic results are important for organic farms. This article aims to determine the economic situation of organic farms against the background of conventional entities on...

The economic effects of climate change on agriculture have been widely assessed in the last two decades. Many of these assessments are based on the integration of biophysical and agro-economic models, allowing to understand the physical and socio-economic responses of the agricultural sector to...

Support of agriculture is justified, among others, by its contribution to rural economic development. Nevertheless, the relation between agricultural and general economic development may be ambiguous. On the one side, agriculture may affect other sectors positively via multiplier and income...

During last decades the essential shift occurred in the structure of the economy from industrial product-driven to the post-industrial service-driven economic system. A growing number of manufacturing firms throughout the world are shifting from selling goods in anonymous market to offering more...

To identify the problems faced by the Romanian agricultural sector and to identify viable development solutions, a comparative analysis of the competitiveness of the Romanian sector with the other member states of the European Union is necessary. In this regard, in the present research, a...

In this paper, we examine and bring up-to-date the story of the US/EU conflict over the regulation of agricultural biotechnology. The paper is organized in six sections. In the first section, we outline briefly the respective regulatory systems put in place during the 1980s and 1990s by the US...