Arbeitspapier
Credit Market Imperfections and the Distribution of Policy Rents: The Common Agricultural Policy in the New EU Member States
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: LICOS Discussion Paper ; No. 183
- Classification
-
Wirtschaft
- Subject
-
agricultural policy
imperfect credit markets
land market
policy rents.
EU-Agrarpolitik
Subvention
Bodenrente
Kreditmarkt
Unvollkommener Markt
Theorie
EU-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Ciaian, Pavel
Swinnen, Johan F. M.
- Event
-
Veröffentlichung
- (who)
-
Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
- (where)
-
Leuven
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ciaian, Pavel
- Swinnen, Johan F. M.
- Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
Time of origin
- 2007
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