Welfare analysis and bootstrapping

Stelios Katranidis, Gregory Kordas and Kostas Velentzas

Applied Economics Letters, 2003, vol. 10, issue 6, 335-338

Abstract: This paper examines the effects of the entry and the 1992 CAP reform on maize producers' welfare and on economic efficiency. This welfare analysis used a bootstrap resampling technique that provided standard errors and confidence intervals for the estimates. These empirical analysis has shown that the price-policy induced changes in farmers' economic welfare were significant at commonly used levels of statistical significance.

Date: 2003
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DOI: 10.1080/1350485022000041014

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