Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by THOMSON, K.J.
Right arrow Articles by HARVEY, D.R.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© 1981 Oxford University Press and the Foundation for the European Review of Agricultural Economics

other

The efficiency of the Common Agricultural Policy*

K.J. THOMSON and D.R. HARVEY

Department of Agricultural Economics, The University of Newcastle upon Tyne

Summary

The efficiency of the Common Agricultural Policy is dealt with in the spirit of traditional microeconomics, that is by relating the costs and burdens resulting from the policy to the progress achieved towards realizing specified objectives. The nature of policies and their costs and benefits is explored and related to the current operation of the CAP. Previous work on estimating the costs and benefits of the CAP is briefly reviewed. An analytical and methodological framework for the evaluation of efficiency is developed, which allows for the consistent comparison of alternative policies. Empirical application of this framework, restricted to the current policy, yields estimates of a variety of efficiency measures (cost/effect ratios), allowing a preliminary evaluation of policy directions within the current policy mix. While the analysis is reported largely at the Community level, breakdowns of the major results by member state and by farm size group are also reported.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.