Abstract: This paper investigates both efficiency and redistributive effects of the recent reform of Common Agricultural Policy in Italy. A general equilibrium model has been calibrated on a social accounting matrix of the Italian economy, adapted to represent the distribution of agricultural income between households. In simulation results the decoupling of farm support proves to be a welfare-improving policy. Moreover, this welfare effect is enhanced by redistributing the support towards low-income agricultural households. In terms of possible policy implications, simulation results suggest that redistributive effects in decoupling farm support may be a crucial aspect for the allocation of the EU agricultural budget. Keywords: applied general equilibrium analysis; common agricultural policy; efficiency analysis; farm support schemes; income redistribution; SAM-based models.
Efficiency grounds and welfare effects in decoupling farm support. Insights from an AGE model of Italian economy / B. CAVALLETTI; B. ROCCHI. - In: INTERNATIONAL JOURNAL OF SUSTAINABLE DEVELOPMENT. - ISSN 0960-1406. - STAMPA. - 9(2):(2006), pp. 106-121. [10.1504/IJSD.2006.011636]
Efficiency grounds and welfare effects in decoupling farm support. Insights from an AGE model of Italian economy
ROCCHI, BENEDETTO
2006
Abstract
Abstract: This paper investigates both efficiency and redistributive effects of the recent reform of Common Agricultural Policy in Italy. A general equilibrium model has been calibrated on a social accounting matrix of the Italian economy, adapted to represent the distribution of agricultural income between households. In simulation results the decoupling of farm support proves to be a welfare-improving policy. Moreover, this welfare effect is enhanced by redistributing the support towards low-income agricultural households. In terms of possible policy implications, simulation results suggest that redistributive effects in decoupling farm support may be a crucial aspect for the allocation of the EU agricultural budget. Keywords: applied general equilibrium analysis; common agricultural policy; efficiency analysis; farm support schemes; income redistribution; SAM-based models.File | Dimensione | Formato | |
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Efficiency ground and welfare effects in decoupling farm support.pdf
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