CREDIT MARKET IMPERFECTIONS AND THE DISTRIBUTION OF POLICY RENTS: THE COMMON AGRICULTURAL POLICY IN THE NEW EU MEMBER STATES

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dc.creatorCiaian, Pavel
dc.creatorSwinnen, Johan F.M.
dc.date2017-04-01T13:53:29Z
dc.date.accessioned2026-07-09T02:48:18Z
dc.descriptionThis 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.
dc.identifierdoi:10.22004/ag.econ.6591
dc.identifierhttps://ageconsearch.umn.edu/record/6591/files/cp08ci01.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/6591
dc.identifier.urihttp://hdl.handle.net/123456789/520334
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/6591
dc.titleCREDIT MARKET IMPERFECTIONS AND THE DISTRIBUTION OF POLICY RENTS: THE COMMON AGRICULTURAL POLICY IN THE NEW EU MEMBER STATES
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