Title: Capitalization of direct payments in land rents: Evidence from New EU Member States
Authors: Van Herck, Kristine ×
Swinnen, Jo
Vranken, Liesbet #
Issue Date: 2013
Publisher: V. H. Winston & Son
Series Title: Eurasian Geography and Economics vol:54 issue:4 pages:423-443
Abstract: This paper analyzes the impact of increasing direct payments (DPs) on land rents in six
new EU member states. In these countries agricultural subsidies largely increased as a result of EU
accession. We find that up to 25 percent of DPs are capitalized in land rents. In addition, the results
show that capitalization of DPs is higher in more credit-constrained markets, while capitalization of
DPs is lower in countries where more land is used by corporate farms, reflecting a stronger
bargaining position of corporate farms and unequal access to subsidies in these countries.
ISSN: 1538-7216
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Division of Bioeconomics
LICOS - Centre for Institutions and Economic Performance, Leuven
Research Center of Development Economics, Leuven
× corresponding author
# (joint) last author

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