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Applied Economics Letters Volume 28, 2021 - Issue 3
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Research Article

The capitalization of CAP payments into land rental prices: a grouped fixed-effects estimator

Daniele ValentiDepartment of Environmental Science and Policy, University of Milan, Milan, ItalyORCID Iconhttps://orcid.org/0000-0002-1578-7235View further author information
ORCID Icon,
Danilo BertoniDepartment of Environmental Science and Policy, University of Milan, Milan, ItalyCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0002-6746-2272View further author information
ORCID Icon,
Daniele CavicchioliDepartment of Environmental Science and Policy, University of Milan, Milan, ItalyORCID Iconhttps://orcid.org/0000-0002-0095-2349View further author information
ORCID Icon &
Alessandro OlperDepartment of Environmental Science and Policy, University of Milan, Milan, ItalyORCID Iconhttps://orcid.org/0000-0001-9864-3431View further author information
ORCID Icon
Pages 231-236 | Published online: 08 Apr 2020

References

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  • Garrone, M., D. Emmers, A. Olper, and J. Swinnen. 2019. “Jobs and Agricultural Policy: Impact of the Common Agricultural Policy on Eu Agricultural Employment.” Food Policy 87: 101744. doi:10.1016/j.foodpol.2019.101744.
  • Graubner, M. 2018. “Lost in Space? The Effect of Direct Payments on Land Rental Prices.” European Review of Agricultural Economics 45 (2): 143–171. doi:10.1093/erae/jbx027.
  • Guastella, G., D. Moro, P. Sckokai, and M. Veneziani. 2018. “The Capitalisation of CAP Payments into Land Rental Prices: A Panel Sample Selection Approach.” Journal of Agricultural Economics 69 (3): 688–704. doi:10.1111/1477-9552.12258.
  • Kirwan, B. E. 2009. “The Incidence of U.S. Agricultural Subsidies on Farmland Rental Rates.” Journal of Political Economy 117 (1): 138–164. doi:10.1086/598688.
  • Klaiber, H. A., K. Salhofer, and S. R. Thompson. 2017. “Capitalisation of the SPS into Agricultural Land Rental Prices under Harmonisation of Payments.” Journal of Agricultural Economics 68 (3): 710–726. doi:10.1111/1477-9552.12207.
  • Latruffe, L., and C. L. Mouel. 2009. “Capitalization Of Government Support In Agricultural Land Prices: What Do We Know?” Journal of Economic Surveys 23 (4): 659–691. doi:10.1111/j.1467-6419.2009.00575.x.
  • O’Neill, S., and K. Hanrahan. 2016. “The Capitalization of Coupled and Decoupled CAP Payments into Land Rental Rates.” Agricultural Economics 47 (3): 285–294. doi:10.1111/agec.12229.
  • Pollard, D. 1982. “A Central Limit Theorem for K-means Clustering.” The Annals of Probability 10: 919–926.

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