The capitalisation of decoupled payments in farmland rents among EU regions

نویسندگان

چکیده

We study the capitalisation of subsidies in European Union (EU) regions years 2006-2008, first after introduction Common Agricultural Policy (CAP) 2003 reform that decoupled from production and attached them to land. For this purpose, we use regional aggregated data estimate rate upon entire sample and, a second stage, splitting according implementation regime applied by different EU Member States (MSs), following three options introduced CAP regulations (historical, hybrid model). find between 28 52 cents per Euro additional subsidy capitalise into land prices MSs adopted model, respectively. as well do not farmland historical model.

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ژورنال

عنوان ژورنال: Bio-based and applied economics

سال: 2021

ISSN: ['2280-6180', '2280-6172']

DOI: https://doi.org/10.36253/bae-10034