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Estimation of the impact of CAP reform on the structure of farming in the disadvantaged areas of Ireland

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dc.contributor.author Murphy, Eithne en
dc.contributor.author Lally, Breda en
dc.date.accessioned 2010-11-10T11:33:30Z en
dc.date.available 2010-11-10T11:33:30Z en
dc.date.issued 1997-09 en
dc.identifier.citation Murphy,E. & Lally, B. (1997). "Estimation of the impact of CAP reform on the structure of farming in the disadvantaged areas of Ireland" (Working Paper No. 017) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1372 en
dc.description.abstract In this paper the Johansen model was used to examine the impact of CAP Reform on the structure of farming in the Disadvantaged Areas of Ireland. The model is essentially a policy impact model using an elasticity set. Application of the model requires information on all relevant elasticities of outputs and inputs with respect to all output and input prices. These elasticities were estimated directly for a translog profit function from a combination of cross section and time series data. In order to test the usefulness of the model, a validation exercise was undertaken for the period 1992-1995. The model performed reasonably well in that the predicted direction of change in the volume of outputs and inputs was generally in the same direction as actual volume changes in outputs and inputs over the period tested. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries Economics working papers;017 en
dc.subject Economics en
dc.subject Johansen model en
dc.subject Dual approach en
dc.subject Elasticity en
dc.subject Symmetry en
dc.subject Linearly homogeneous en
dc.subject Monotonicity en
dc.subject Convexity en
dc.title Estimation of the impact of CAP reform on the structure of farming in the disadvantaged areas of Ireland en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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