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|Title:||CAP Subsidies and Productivity of the EU Farms|
|Authors:||RIZOV Marian; POKRIVCAK Jan; CIAIAN PAVEL|
|Citation:||JOURNAL OF AGRICULTURAL ECONOMICS vol. 64 no. 3 p. 537–557|
|Type:||Articles in periodicals and books|
|Abstract:||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 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 on farm productivity in the period before the decoupling reform was implemented; after decoupling the effect of subsidies on productivity is more nuanced and in several countries it turned positive.|
|JRC Directorate:||Growth and Innovation|
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