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  • The Common Agricultural Policy and Its Reform: The Problem of Reconciling Budget and Trade Concerns

    Author(s)
    Ackrill, Robert
    Kay, Adrian
    Morgan, Wyn
    Griffith University Author(s)
    Kay, Adrian
    Year published
    2008
    Metadata
    Show full item record
    Abstract
    In 2008, the Common Agricultural Policy (CAP) reached its fiftieth birthday. It has been a constant factor in directing resources to the EU agricultural sector, but the means of channelling these resources have changed considerably over time. This article charts the evolution of the CAPs principal policy instruments and analyzes the welfare effects of its major reforms. It also analyzes these changes in terms of the institutional context of the principal reform pressures, namely international trade obligations and EU budget concerns. We will show that the link between these two pressures was never one of simple determinism: ...
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    In 2008, the Common Agricultural Policy (CAP) reached its fiftieth birthday. It has been a constant factor in directing resources to the EU agricultural sector, but the means of channelling these resources have changed considerably over time. This article charts the evolution of the CAPs principal policy instruments and analyzes the welfare effects of its major reforms. It also analyzes these changes in terms of the institutional context of the principal reform pressures, namely international trade obligations and EU budget concerns. We will show that the link between these two pressures was never one of simple determinism: the CAP and its reform can only be understood in light of these pressures and of endogenous vested interests to the policy.
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    Journal Title
    Canadian Journal of Agricultural Economics
    Volume
    56
    Issue
    4
    Publisher URI
    http://www.interscience.wiley.com/jpages/0008-3976
    DOI
    https://doi.org/10.1111/j.1744-7976.2008.00137.x
    Subject
    Applied Economics
    Publication URI
    http://hdl.handle.net/10072/26839
    Collection
    • Journal articles

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