Assessing the Impacts of Pillar 1 and 2 Subsidies on TFP in French Crop Farms
利用法国农作物农场1996-2003年的数据，分析共同农业政策补贴对全要素生产率的影响，发现部分补贴对生产率有负面作用。
Abstract This article analyses the impact of common agricultural policy (CAP) subsidies on total factor productivity using a FADN dataset of French crop farms between 1996 and 2003. We first estimate a production function using a system GMM approach and then recover farm‐level total factor productivity (TFP). Further, the impact of Pillar 1 and 2 subsidies on TFP is investigated and results show that several subsidies have a negative impact on productivity during the period covered in the dataset. CAP reforms have also had an impact on the relationship between subsidies and productivity.