CAP subsidies and productivity of the EU farms

@inproceedings{Rizov2014CAPSA,
  title={CAP subsidies and productivity of the EU farms},
  author={Marian Rizov and J{\'a}n Pokriv{\vc}{\'a}k and Pavel Ciaian},
  year={2014}
}
CAP subsidies and productivity of the EU farms Marian Rizov, Jan Pokrivcak and Pavel Ciaian 1 [Original submitted June 2012, Revision received March 2013, Accepted May 2013] Abstract The paper investigates the impact of the Common Agricultural Policy (CAP) subsidies on farm total factor productivity (TFP) in the European Union (EU). We employ a structural semiparametric estimation algorithm directly incorporating the effect of subsidies into a model of unobserved productivity. We empirically… CONTINUE READING