This article shows that credit market imperfections have important implications for the distribution of policy rents. In a model with land as fixed factor and credit market imperfections, when an area payment is given, land rents go up by more than the subsidy. On aggregate farms may lose from...

The present study examines factor content in the CEE transition country agricultural trade. However, deviating from the traditional approach, we do not test the HOV prediction. Instead, we examine the theoretical predictions that relate the factor content of international trade to cross-country...

Slovak sectoral partial equilibrium econometric model based on AG-MEMOD approach is used to analyse the development of the Slovak agricultural markets after EU accession. Simulation results for cereals, oilseeds and meats are provided in this article. Two scenarios are analysed: non-accession...

In Western Europe, USA and other developed countries agriculture is dominated by small family farms. In Central and Eastern European Countries (CEEC) and Former Soviet Union (FSU) dual structure of farms exists. There are large corporate farms (CF) and small family farms (FF) in CEEC and FSU....

This article investigates the macroeconomic importance of credit rationing and whether banks use characteristics such as ownership structure and institutional type of borrowers in order to regulate the risk of loaned funds. To test this, monthly data for 2000-02, extracted from the National Bank...

The paper analyzes the changes in agricultural trade patterns in Slovakia that occured during the gradual trade liberalization due to European Union enlargement in 2004. The results indicate that approximately 30% of the increase in agricultural imports from the EU15 and CEECs between 2000 and...

The present paper examines a long-run relationship between the energy, bioenergy and food prices. In the recent years the bioenergy production has increased significantly around the world. The increase has been driven by rising energy prices as well as by environmental policies aiming at...

The objective of the JRC PESETA II project is to gain insights into the sectoral and regional patterns of climate change impacts in Europe by the end of this century. The study uses a large set of climate model runs and impact categories (ten impacts: agriculture, energy, river floods, droughts,...