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Reforms of the Common Agricultural Policy of the European Union


  • Angel Dimov


This article discusses the reforms of the Common Agricultural Policy of the EU that have been carried out since 1992. The main results of applying the policy in the agricultural sector of the international community are pointed out. The main goals and mechanisms of the CAP that is to be carried out after the accession of the Eastern European countries to the EU are defined. Some opportunities for further stabilization of farmers’ income, the production of environmentally-friendly and healthy foodstuffs as well as promoting the development of rural regions are outlined.

Suggested Citation

  • Angel Dimov, 2004. "Reforms of the Common Agricultural Policy of the European Union," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 96-108.
  • Handle: RePEc:bas:econth:y:2004:i:1:p:96-108

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    References listed on IDEAS

    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Dahlman, Carl J, 1979. "The Problem of Externality," Journal of Law and Economics, University of Chicago Press, vol. 22(1), pages 141-162, April.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. János Kornai, 1994. "Highway and Byways: Studies on Reform and Postcommunist Transition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262111985, January.
    5. Winiecki, Jan, 1990. "Why Economic Reforms Fail in the Soviet System--A Property Rights-Based Approach," Economic Inquiry, Western Economic Association International, vol. 28(2), pages 195-221, April.
    6. Barzel,Yoram, 1997. "Economic Analysis of Property Rights," Cambridge Books, Cambridge University Press, number 9780521597135, May.
    7. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, May.
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    JEL classification:

    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy


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