External Publications
2021.05
Date: 26/2/2021

A meta-analysis of the capitalisation of CAP direct payments into land prices


Authors:

Alessandro Varacca (Università Cattolica del Sacro Cuore); Giovanni Guastella (Università Cattolica del Sacro Cuore, Fondazione Eni Enrico Mattei); Stefano Pareglio (Università Cattolica del Sacro Cuore, Fondazione Eni Enrico Mattei); Paolo Sckokai (Università Cattolica del Sacro Cuore)

Type: Journal
Published in: European Review of Agricultural Economics, 26 February 2021
Keywords: European Union common agricultural policy, Land prices

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.

links
Link
A meta-analysis of the capitalisation of CAP direct payments into land prices

FEEM Newsletter & Update

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter & Update. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree