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THE EFFECTS OF SINGLE FARM PAYMENTS ON SCOTTISH AGRICULTURE: A CGE MODELING APPROACH AgEcon
Gelan, Ayele; Schwarz, Gerald.
Using a CGE model calibrated on Scottish data, this paper examines two important issues related to evaluating impacts of the Single Farm Payment. These are specification of product transformation functions and investigation into supply elasticity parameter. Simulation results from a standard CGE were compared with those from an alternative optimisation framework proposed in this study. The latter yielded a policy effect that is likely to represent behaviour of a profit maximising farmer. The parameter sensitivity analysis showed the important role differences in supply conditions can play; which implied a need for further econometric studies to estimate supply parameters.
Tipo: Conference Paper or Presentation Palavras-chave: Single farm payments; Decoupling; Multi-output farming; Farm types; CET function; CGE modelling; Agricultural Finance; Demand and Price Analysis; Farm Management; Research Methods/ Statistical Methods.
Ano: 2008 URL: http://purl.umn.edu/6470
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Assessing the impact of different rural development policy design options on the adoption of innovation across five case studies in EU AgEcon
Bartolini, Fabio; Floridi, Matteo; Latruffe, Laure; Majewski, Edward; Nikolov, Dimitre; Polman, Nico B.P.; Viaggi, Davide.
Innovation and new technology adoption represent two central elements for the enterprise and industry development process in agriculture. The objective of the paper is to provide an ex-ante analysis of the effectiveness of alternative policy design options concerning the RDP measures intended to provide incentives for investment/innovation adoption in five case study areas across Europe. The model implemented is based on a real option approach that includes investment irreversibility and stochasticity in SFP. The results show the relevance of uncertainty in determining the timing of adoption and emphasise the importance of predictability as a major component of policy design.
Tipo: Conference Paper or Presentation Palavras-chave: Real options; Innovation; Rural development policy; Single farm payments; Uncertainty; Community/Rural/Urban Development.
Ano: 2010 URL: http://purl.umn.edu/94907
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