EFFECTS OF POLICY INSTRUMENTS ON FARM INVESTMENTS AND PRODUCTION DECISIONS IN THE SPANISH COP SECTOR - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue Applied Economics Année : 2011

EFFECTS OF POLICY INSTRUMENTS ON FARM INVESTMENTS AND PRODUCTION DECISIONS IN THE SPANISH COP SECTOR

Résumé

Our paper assesses the impacts regarding on-farm investment and production decisions resulting from the partially decoupled (PD) payment scheme implemented during the 1990s and first half of the 2000s within the framework of the Common Agricultural Policy (CAP). The Spanish cereal, oilseed, and protein (COP) sector is taken as a case study regarding this effect due to its economic and political relevance in Spain. The empirical analysis is applied to farm-level data from 2000 to 2004 using the Farm Accountancy Data Network (FADN). We use a reduced-form application of the dual model of investment under uncertainty and estimate a system of censored and uncensored equations. PD payments are found to increase short-run production and generate a statically significant increase in the investment in farm assets. Results also show the importance of assessing the effects of PD payments in a dynamic framework as applied in this paper
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Dates et versions

hal-00712381 , version 1 (27-06-2012)

Identifiants

Citer

Zein Kallas, Teresa Serra, José M. Gil. EFFECTS OF POLICY INSTRUMENTS ON FARM INVESTMENTS AND PRODUCTION DECISIONS IN THE SPANISH COP SECTOR. Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2011.583220⟩. ⟨hal-00712381⟩

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