Welfare Analysis in a Multi-Market Framework: Implications of the Cap Cotton, Maize and Sugar Beet Regime in Greece

Stelios Katranidis

No 24946, 2002 International Congress, August 28-31, 2002, Zaragoza, Spain from European Association of Agricultural Economists

Abstract: This paper examines the welfare effects of the Common Agricultural Policy (CAP) cotton, maize and sugar beet regimes practiced in Greece after its 1981 entry into the European Union. These markets are considered as horizontally related because there are usually the same farmers that use the same areas to produce various combinations of the relevant products. We use bootstrap techniques to conduct a statistical analysis of the estimated welfare measurements. The welfare analysis indicates that the income amounts transferred to farmers rose significantly in the period between 1981 and 1992. The 1992 CAP reform slowed down this trend, and transfers have remained at an almost statistically constant level since 1992.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 22
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae02:24946

DOI: 10.22004/ag.econ.24946

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