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	Provedor de dados AgEcon (2) Autor Ciaian, Pavel (2) Swinnen, Johan F.M. (2) Palavra-chave Agricultural Finance (2) Agricultural policy (2) Imperfect credit markets (2) Policy rents (2) Agricultural and Food Policy (1) Land Economics/Use (1) Land market (1) Mais... Tipo do documento Conference Paper or Presentation (2) Ano 2008 (2) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última CREDIT MARKET IMPERFECTIONS AND THE DISTRIBUTION OF POLICY RENTS: THE COMMON AGRICULTURAL POLICY IN THE NEW EU MEMBER STATES AgEcon Ciaian, Pavel; Swinnen, Johan F.M.. This article analyses how credit market imperfections affect the impacts of subsidies by analyzing the effects of agricultural subsidies in the new Eastern Member States of the European Union with a partial equilibrium model which integrates credit and land market imperfections. We show that credit constraints have important implications for the distribution of policy rents. Credit market imperfections may induce very different effects of direct payments and lump-sum transfers. Tipo: Conference Paper or Presentation Palavras-chave: Agricultural policy; Imperfect credit markets; Land market; Policy rents; Agricultural and Food Policy; Agricultural Finance; Land Economics/Use. Ano: 2008 URL: http://purl.umn.edu/6591 Credit Market Imperfections and the Distribution of Policy Rents AgEcon Ciaian, Pavel; Swinnen, Johan F.M.. 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 subsidy. The results depend on the extent to which subsidies have direct and indirect effects on the credit constraints, on whether farms rent or own land, and on farm heterogeneity. Tipo: Conference Paper or Presentation Palavras-chave: Agricultural policy; Imperfect credit markets; Policy rents; Agricultural Finance. Ano: 2008 URL: http://purl.umn.edu/44050 Registros recuperados: 2 Primeira ... 1 ... Última

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