Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/203210 
Authors: 
Year of Publication: 
2018
Series/Report no.: 
IES Working Paper No. 31/2018
Publisher: 
Charles University in Prague, Institute of Economic Studies (IES), Prague
Abstract: 
Czech farmers experienced an enormous exogenous shock when they joined the common agricultural market (CAM) and the Common Agricultural Policy (CAP) in 2004. Using the World Bank's dataset, we apply the synthetic control method to establish a counterfactual case of the Czech Republic food production index in the absence of the CAM and CAP. The results show that the Czech Republic would have had a higher food index if it had not entered the CAM and CAP. Moreover, we show that the CAP and CAM had different impacts on farms in the Czech Republic and Bulgaria, which have the most comparable agriculture according to the results of the synthetic control method.
Subjects: 
Common Agriculture Policy
Common Agricultural Market
Subsidies
Farms
Synthetic Control Method
JEL: 
C10
Q10
Q18
Document Type: 
Working Paper

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