Welfare implications of EU enlargement under the CAP

Troy Schmitz, Christopher R. Giese, Clifford J. Shultz

Research output: Contribution to journalReview article

3 Scopus citations

Abstract

The qualitative impacts of European Union (EU) enlargement on intervention prices, variable import levies, and export restitution payments for cereal under the Common Agricultural Policy (CAP) are analyzed using a partial equilibrium framework for EU cereal crops. The welfare implications are developed for both a net exporter and net importer. Consumer surplus, producer surplus, government revenue, and total welfare are compared and contrasted for the EU and the new entrant, both before and after enlargement.

Original languageEnglish (US)
Pages (from-to)555-562
Number of pages8
JournalCanadian Journal of Agricultural Economics
Volume56
Issue number4
DOIs
StatePublished - Dec 1 2008

ASJC Scopus subject areas

  • Global and Planetary Change
  • Ecology
  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics

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