Rizov, Marian; Pokrivcak, Jan; Ciaian, Pavel - International Association of Agricultural Economists - IAAE - 2012
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 semi-parametric estimation algorithm directly incorporating the effect of subsidies into a model of unobserved...
