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Economic impacts of adopting the Common Agricultural Policy of the European Union: a CGE approach to the case of Romania

Economic impacts of adopting the Common Agricultural Policy of the European Union: a CGE approach to the case of Romania

Scrieciu, Şerban (2007) Economic impacts of adopting the Common Agricultural Policy of the European Union: a CGE approach to the case of Romania. Journal of Economic Integration, 22 (2). pp. 407-438. ISSN 1225-651X (Print), 1976-5525 (Online) (doi:https://doi.org/10.11130/jei.2007.22.2.407)

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Abstract

This paper evaluates potential economic impacts of incorporating Romania into EU's Common Agricultural Policy. A CGE model of Romania is employed to model likely changes in trade, production and welfare patterns with a focus on fifteen local agro-food activities. Three main findings emerge. First, the adoption of the CAP expands agro-food output and trade, promotes higher farm incomes, and increases economic welfare. Second, CAP application results in production specialisation effects, particularly for sugar and sugar beet, bovine meat products, ruminant live animals, dairies, and cereal grains. Third, the identified impacts are driven by changes in trade-related measures, particularly enhanced access to EU markets, and less by alterations in production-related domestic support. The paper concludes that EU accession and CAP adoption may bring potentially realisable growth in Romania's agro-food sector, though in practice this will depend on producers' ability to respond to the supply incentives being offered.

Item Type: Article
Uncontrolled Keywords: EU Eastern Enlargement, Common Agricultural Policy, CGE modelling, Romania
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
S Agriculture > S Agriculture (General)
Faculty / Department / Research Group: Faculty of Engineering & Science > Natural Resources Institute
Related URLs:
Last Modified: 15 Jan 2014 12:35
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/9869

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