The Impact of EU Accession on Farm Production in the Czech Republic: A Synthetic Control Method Approach

Matej Opatrny

Czech Journal of Economics and Finance (Finance a uver), 2020, vol. 70, issue 3, 281-307

Abstract: Czech farmers experienced an enormous exogenous shock when they joined the common agricultural market (CAM) and the Common Agricultural Policy (CAP) in 2004. Using the World Bank’s dataset, we apply the synthetic control method to establish a counterfactual case of the Czech Republic food production index in the absence of the CAM and CAP. The results show that the Czech Republic would have had a higher food index if it had not entered the CAM and CAP. Moreover, we show that the CAP and CAM had different impacts on farms in the Czech Republic and Bulgaria, which have the most comparable agriculture according to the results of the synthetic control method.

Keywords: common agriculture policy; common agricultural market; subsidies; farms; synthetic control method (search for similar items in EconPapers)
JEL-codes: C10 Q10 Q18 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:70:y:2020:i:3:p:281-307

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