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Statements

Subject Item
n2:RIV%2F60460709%3A41110%2F11%3A52487%21RIV12-MSM-41110___
rdf:type
skos:Concept n17:Vysledek
dcterms: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.
dcterms: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
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
skos:notation
RIV/60460709:41110/11:52487!RIV12-MSM-41110___
n17:predkladatel
n18:orjk%3A41110
n3:aktivita
n4:Z
n3:aktivity
Z(MSM6046070906)
n3:cisloPeriodika
8
n3:dodaniDat
n9:2012
n3:domaciTvurceVysledku
n16:8366322
n3:druhVysledku
n12:J
n3:duvernostUdaju
n8:S
n3:entitaPredkladatele
n14:predkladatel
n3:idSjednocenehoVysledku
210171
n3:idVysledku
RIV/60460709:41110/11:52487
n3:jazykVysledku
n15:eng
n3:klicovaSlova
CGE model, CAP, EU budget, Scenario, GDP, the Czech Republic
n3:klicoveSlovo
n10:GDP n10:CGE%20model n10:Scenario n10:CAP n10:the%20Czech%20Republic n10:EU%20budget
n3:kodStatuVydavatele
CZ - Česká republika
n3:kontrolniKodProRIV
[661873055BA9]
n3:nazevZdroje
EKONOMICKY CASOPIS
n3:obor
n6:AH
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
1
n3:rokUplatneniVysledku
n9:2011
n3:svazekPeriodika
59
n3:tvurceVysledku
Křístková, Zuzana
n3:wos
000297891300003
n3:zamer
n11:MSM6046070906
s:issn
0013-3035
s:numberOfPages
21
n5:organizacniJednotka
41110