Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy - a General Equilibrium Approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F11%3A52487" target="_blank" >RIV/60460709:41110/11:52487 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy - a General Equilibrium Approach

Original language description

The objective of this paper is to quantify the impact of selected scenarios of a Common Agricultural Policy (CAP) budget reduction on the macroeconomic equilibrium of the Czech economy. A dynamic general equilibrium model of the Czech Republic is appliedto test three scenarios dealing with the removal of subsidies in the 1st and 2nd CAP pillars, considering two budget compensation options. The findings show that in the short term, a reduction in direct payments (1st pillar) is more harmful for the economy than the removal of investment subsidies (2nd pillar); this is completely reversed in the long term, in which the removal of investment subsidies leads to a considerably stronger decline in economic growth.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year

2011

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

EKONOMICKY CASOPIS

ISSN

0013-3035

e-ISSN

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Volume of the periodical

59

Issue of the periodical within the volume

8

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

21

Pages from-to

802-822

UT code for WoS article

000297891300003

EID of the result in the Scopus database

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