About: Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy

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About: Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy - a General Equilibrium Approach Goto Sponge NotDistinct Permalink

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The objective of this paper is to quantify the impact of selected scenarios of a Common Agricultural Policy (CAP) budget reduction on the macroeconomic equilibrium of the Czech economy. A dynamic general equilibrium model of the Czech Republic is applied to test three scenarios dealing with the removal of subsidies in the 1st and 2nd CAP pillars, considering two budget compensation options. The findings show that in the short term, a reduction in direct payments (1st pillar) is more harmful for the economy than the removal of investment subsidies (2nd pillar); this is completely reversed in the long term, in which the removal of investment subsidies leads to a considerably stronger decline in economic growth. The objective of this paper is to quantify the impact of selected scenarios of a Common Agricultural Policy (CAP) budget reduction on the macroeconomic equilibrium of the Czech economy. A dynamic general equilibrium model of the Czech Republic is applied to test three scenarios dealing with the removal of subsidies in the 1st and 2nd CAP pillars, considering two budget compensation options. The findings show that in the short term, a reduction in direct payments (1st pillar) is more harmful for the economy than the removal of investment subsidies (2nd pillar); this is completely reversed in the long term, in which the removal of investment subsidies leads to a considerably stronger decline in economic growth. (en)
Title	Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy - a General Equilibrium Approach Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy - a General Equilibrium Approach (en)
skos:prefLabel	Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy - a General Equilibrium Approach Macroeconomic Consequences of a Common Agricultural Policy Budget Reduction for the Czech Economy - a General Equilibrium Approach (en)
skos:notation	RIV/60460709:41110/11:52487!RIV12-MSM-41110___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6046070906)
http://linked.open...iv/cisloPeriodika	8
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Křístková, Zuzana
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Česká zemědělská univerzita v Praze / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	210171
http://linked.open...ai/riv/idVysledku	RIV/60460709:41110/11:52487
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	CGE model, CAP, EU budget, Scenario, GDP, the Czech Republic (en)
http://linked.open.../riv/klicoveSlovo	EU budget Scenario CAP CGE model GDP the Czech Republic
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[661873055BA9]
http://linked.open...i/riv/nazevZdroje	EKONOMICKY CASOPIS
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	59
http://linked.open...iv/tvurceVysledku	Křístková, Zuzana
http://linked.open...ain/vavai/riv/wos	000297891300003
http://linked.open...n/vavai/riv/zamer	conomics of Czech agriculture resources and their efficient use in frame of multifunctional agri-food systems
issn	0013-3035
number of pages	21 (xsd:int)
http://localhost/t...ganizacniJednotka	41110

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