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Direct Payments and Land Rents: Evidence from New Member States. Factor Markets Working Document No. 62, August 2013

Van Herck, Kristine and Swinnen, Jo and Vranken, Liesbet (2013) Direct Payments and Land Rents: Evidence from New Member States. Factor Markets Working Document No. 62, August 2013. [Working Paper]

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    Abstract

    This Factor Markets Working Paper analyses the impact of increasing direct payments on land rents in six new EU member states in which agricultural subsidies largely increased as a result of their EU accession. The authors find that up to 25 eurocents per additional euro of direct payments is capitalised in land rents. In addition, the results show that capitalisation of direct payments is higher in more credit constrained markets, while capitalisation of direct payments is lower in countries where more land is used by corporate farms.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > agriculture policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > Factor Markets Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 18 Dec 2014 16:45
    Number of Pages: 22
    Last Modified: 18 Dec 2014 16:45
    URI: http://aei.pitt.edu/id/eprint/58603

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