This paper aims at analysing the recent CAP reform from the perspective of the current general and strategic objectives of the EU as defined by the Lisbon Strategy. A critical appraisal of the CAP impact in terms of regional growth is carried out. Firstly from a strictly conceptual and...

The 2003 Common Agricultural Policy Reform aimed to promote the socio-economic and environmental sustainability of agricultural systems. An important question is how far the Reform has indeed encouraged farmers to contribute to achieving broad economic and environmental goals. The economic and...

Low and variable farm income has been a main rationale for heavy government intervention in agricultural markets and income transfers to farmers whether in Europe in response to disruptive agricultural imports and low world prices at the end of the 19th century or in the US in response to the...

The second pillar of the CAP is expected to play a key role for rural development – especially for less favoured areas. Conservation of biodiversity and the cultural landscape and the competitiveness of farmers are important objectives addressed by different measures. The importance of the...

A multi-sector model is used to assess the targeting of CAP payments in Italy, according with alternative definitions of the “real farmers” institutional sector. The model is based on a Social Accounting Matrix of the Italian economy, properly adapted to represent the process of income...