000024818 001__ 24818
000024818 005__ 20180122202830.0
000024818 037__ $$a723-2016-48918
000024818 041__ $$aen
000024818 245__ $$aDistributional Impacts of CAP Adoption on Romanian Households
000024818 260__ $$c2002
000024818 269__ $$a2002
000024818 270__ $$mfiricina@abdn.ac.uk$$pFirici,   M. Carmen
000024818 300__ $$a15
000024818 336__ $$aConference Paper/ Presentation
000024818 446__ $$aEnglish
000024818 490__ $$aContributed Paper
000024818 520__ $$aThis paper focuses on estimation of distributional economic welfare effects of the adoption of the CAP on different groups of Romanian households. The calculations of welfare effects are based on 1999 household data and refer to a 10-fold breakdown of Romanian households, i.e. five socio-economic categories from urban and rural areas, taking into account own (home) production of food. To identify the most vulnerable groups of Romanian consumers to food price changes, the Slutsky approximation Compensating Variation approach is applied. The results suggest that, if the current CAP is adopted and results in food price changes averaging a 10 per cent increase in all food prices, the lowest-income groups (i.e. urban and rural unemployed households, urban pensioner households) will be the most affected, ceteris paribus (prices of all other goods held constant). The minimum amount by which the groups could be compensated for the effect of price change on their real incomes varies between Euro 3 per month for employers' households (about 1% of total income) and about Euro 8 per month for farmers' households (6%). However, due to the relatively large shares of food self-production in total consumption, in particular by rural households, somewhat smaller money compensation would be appropriate.
000024818 650__ $$aAgricultural and Food Policy
000024818 6531_ $$adistributional economic effects
000024818 6531_ $$aCAP
000024818 6531_ $$aSlutsky approximation
000024818 6531_ $$aCompensating Variation
000024818 6531_ $$aRomania
000024818 700__ $$aFirici, M. Carmen
000024818 700__ $$aThomson, Kenneth J.
000024818 8564_ $$s587987$$uhttp://ageconsearch.umn.edu/record/24818/files/cp02fr15.pdf
000024818 887__ $$ahttp://purl.umn.edu/24818
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  Previous issue date: 2002
000024818 982__ $$gEuropean Association of Agricultural Economists>2002 International Congress, August 28-31, 2002, Zaragoza, Spain
000024818 980__ $$a723