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The efficiency of the Common Agricultural Policy

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  • K.J. THOMSON
  • D.R. HARVEY

Abstract

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.

Suggested Citation

  • K.J. Thomson & D.R. Harvey, 1981. "The efficiency of the Common Agricultural Policy," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 8(1), pages 57-83.
    • Handle: RePEc:oup:erevae:v:8:y:1981:i:1:p:57-83.
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    File URL: http://hdl.handle.net/10.1093/erae/8.1.57
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    Cited by:

    1. Alston, Julian M. & Scobie, Grant M., 1987. "A Differentiated Goods Model of the Effects of European Policies in International Poultry Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 19(1), pages 59-68, July.
    2. Dermot Hayes & Andrew Schmitz, 1988. "The Price and Welfare Implications of Current Conflicts between the Agricultural Policies of the United States and the European Community," NBER Chapters, in: Issues in US-EC Trade Relations, pages 65-100, National Bureau of Economic Research, Inc.
    3. Bullock, David S. & Salhofer, Klaus, 2003. "Judging agricultural policies: a survey," Agricultural Economics, Blackwell, vol. 28(3), pages 225-243, May.
    4. David S. Bullock & Klaus Salhofer & Jukka Kola, 1999. "The Normative Analysis of Agricultural Policy: A General Framework and Review," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 512-535, September.

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