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Credit Market Imperfections And The Distribution Of Policy Rents: The Common Agricultural Policy In The New Eu Member States

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  • Ciaian, Pavel
  • Swinnen, Johan F.M.

Abstract

This article analyses how credit market imperfections affect the impacts of subsidies by analyzing the effects of agricultural subsidies in the new Eastern Member States of the European Union with a partial equilibrium model which integrates credit and land market imperfections. We show that credit constraints have important implications for the distribution of policy rents. Credit market imperfections may induce very different effects of direct payments and lump-sum transfers.

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Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 107th Seminar, January 30-February 1, 2008, Sevilla, Spain with number 6591.

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Date of creation: 2008
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Handle: RePEc:ags:eaa107:6591

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Keywords: agricultural policy; imperfect credit markets; land market; policy rents; Agricultural and Food Policy; Agricultural Finance; Land Economics/Use;

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Cited by:
  1. Jean-Christophe Bureau & Louis-Pascal Mahé, 2009. "Cap Payments after 2013 and Rural Public Goods," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
  2. Ciaian, Pavel & Kancs, d'Artis, 2009. "The Impact of Food Price Shock on Heterogenous Credit Constrained Firms," 2009 Conference, August 16-22, 2009, Beijing, China 51428, International Association of Agricultural Economists.
  3. d'Artis Kancs & Pavel Ciaian, 2008. "Factor Content of Agricultural Trade," EERI Research Paper Series EERI_RP_2008_05, Economics and Econometrics Research Institute (EERI), Brussels.
  4. Ciaian, Pavel & Kancs, D’Artis, 2011. "The Impact of Market Imperfections on Heterogeneous Firm Output, Productivity, and Profit," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 39(1).

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