Michalek, Jerzy; Ciaian, Pavel; Kancs, d'Artis - European Association of Agricultural Economists - EAAE - 2014
values. Although, the Single Payment Scheme (SPS) is the largest expenditure category in the EU budget, the distributional … set, and apply the generalized propensity score matching approach to estimate the capitalization of the SPS in EU. Our … results suggest that around 6-10 percent of the total SPS are capitalized into land rents. On average in the EU, the non …