The empirics of decoupling: Alternative estimation approaches of the farm-level production response
提出一种方法,将脱钩政策对农场生产的影响视为处理效应,通过连续处理估计量分析2003/2005年欧盟CAP改革对意大利农场生产组合和投资决策的影响,发现不同支持水平下农场响应存在差异。
This article proposes a methodological approach to identify and estimate the farm response to decoupling as a treatment effect. The outcome of ‘market orientation’ is measured by considering both the change of the production mix and the investment decisions. In order to admit different responses across different support levels, the dose–response function is estimated adopting recent alternative continuous-treatment estimators. The application concerns the impact of the 2003/2005 EU Common Agricultural Policy (CAP) reform on the production choices within a balanced sample of Italian farms. Results confirm that farm response varies across support levels and show that the 2003/2005 reform of the first pillar of the CAP actually had a different, and somehow, opposite impact in reorienting farm production choices compared to investment decisions.