Abstract

The impact of the European Union common agricultural policy direct payments on land prices has received substantial attention in recent years, leading to heterogeneous evidence of capitalisation for both coupled and decoupled payments. In this paper, we provide an extensive review of the empirical works addressing this issue econometrically and compare their results through a Bayesian meta-regression model, focussing on the impact of decoupling and its implementation schemes. We find that the introduction of decoupled payments increased the capitalisation rate, although the extent of this increment hinges on the implementation scheme adopted by the member state.
Lingua originaleEnglish
pagine (da-a)1-24
Numero di pagine24
RivistaEuropean Review of Agricultural Economics
VolumeN/A
DOI
Stato di pubblicazionePubblicato - 2021

Keywords

  • Bayesian methods
  • common agricultural policy
  • direct payments
  • land prices
  • meta-analysis

Fingerprint

Entra nei temi di ricerca di 'A meta-analysis of the capitalisation of CAP direct payments into land prices'. Insieme formano una fingerprint unica.

Cita questo