This paper investigates the impact of subsidies from the common agricultural policy on the total factor productivity of farms in the EU. We employ a structural, semi-parametric estimation algorithm, directly incorporating the effect of subsidies into a model of unobserved productivity. We...

We estimate the role of biofuel policies in determining which country is the biofuel price leader in world markets using a cointegration analysis and the Vector Error Correction (VEC) model. Weekly prices are analyzed for the EU, U.S, and Brazilian ethanol and biodiesel markets for the 2002-2010...

This paper analyses the effects of the Single Payment Scheme (SPS) with and without farm structural change, and focuses on how income distributional effects and farm restructuring are impacted by the SPS under: alternative entitlement tradability, cross-compliance and CAP 'greening'...