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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2011

Kód důvěrnosti údajů

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

Název periodika

EKONOMICKY CASOPIS

ISSN

0013-3035

e-ISSN

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Svazek periodika

59

Číslo periodika v rámci svazku

8

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

21

Strana od-do

802-822

Kód UT WoS článku

000297891300003

EID výsledku v databázi Scopus

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