OECD Papers

Discontinued
Continued by
OECD Journal: General Papers
Frequency :
Monthly
ISSN :
1681-2328 (online)
ISSN :
1609-1914 (print)
DOI :
10.1787/16812328
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OECD Papers provides access to a collection of substantive papers not published as books or articles in other OECD series or journals. All subjects are covered, from the latest OECD research on macroeconomics and economic policies, to work in areas as varied as employment, education, environment, trade, science and technology, development and taxation. OECD Papers are available on a subscription basis. Now a part of the OECD Journal

Also available in: French
Article
 

Modelling the Impact of Agricultural Policies on Farm Investments under Uncertainty

The Case of the CAP Arable Crop Regime You do not have access to this content

Authors:
OECD
Publication Date
13 Jan 2006
Pages
48
Bibliographic information
No.:
48,
Volume:
5,
Issue:
11
Pages
1–35
DOI
10.1787/oecd_papers-v5-art48-en

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This paper is part of the OECD project on decoupling and follows the analytical framework defined in OECD (2001). The main objective is to estimate the importance of the dynamic investment effects of area payments using farm level data from the Italian FADN survey. It investigates the investment response by crop producers under the assumption that they are risk averse, and there is uncertainty concerning prices. A dynamic econometric model is estimated. Investment is defined as current expenditure on machinery and buildings for crop production. This paper uses the same data as OECD (2002) and makes estimations and simulations in a way that can be compared with the results obtained in that paper.