Environmental and economic effects of a fall in cereal prices in the EU internal market: The case of Denmark
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Environmental and economic effects of a fall in cereal prices in the EU internal market : The case of Denmark. / Wier, Mette; Hasler, Berit; Andersen, Johnny M.; Jensen, Jørgen D.
In: Environmental and Resource Economics, Vol. 20, No. 1, 09.2001, p. 73-90.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Environmental and economic effects of a fall in cereal prices in the EU internal market
T2 - The case of Denmark
AU - Wier, Mette
AU - Hasler, Berit
AU - Andersen, Johnny M.
AU - Jensen, Jørgen D.
PY - 2001/9
Y1 - 2001/9
N2 - Reform of the European Common Agricultural Policy (the CAP) will reduce cereal prices in the Internal Market while simultaneously increasing direct support to farmers (Agenda 2000). This paper examines the possible effects of liberalisation of the CAP by modelling the effects of a 10 per cent reduction in cereal prices combined with compensation to farmers. We applied an integrated modelling system suitable for estimating both the economic and environmental consequences of agricultural and environmental policy measures and calculated the effects of a 10 per cent fall in cereal prices on nitrogen loading of the Danish marine waters, on private consumption, GDP, the balance of payments, and employment. The results indicate that price reductions do not have significant effects on nitrogen loading relative to the 50 per cent reduction target, since a 10 per cent reduction in cereal prices only leads to a 2.4 per cent reduction in loading.
AB - Reform of the European Common Agricultural Policy (the CAP) will reduce cereal prices in the Internal Market while simultaneously increasing direct support to farmers (Agenda 2000). This paper examines the possible effects of liberalisation of the CAP by modelling the effects of a 10 per cent reduction in cereal prices combined with compensation to farmers. We applied an integrated modelling system suitable for estimating both the economic and environmental consequences of agricultural and environmental policy measures and calculated the effects of a 10 per cent fall in cereal prices on nitrogen loading of the Danish marine waters, on private consumption, GDP, the balance of payments, and employment. The results indicate that price reductions do not have significant effects on nitrogen loading relative to the 50 per cent reduction target, since a 10 per cent reduction in cereal prices only leads to a 2.4 per cent reduction in loading.
KW - Agricultural policy
KW - Environmental economics
KW - Environmental effects
KW - Integrated modelling
KW - Nitrogen loading
U2 - 10.1023/A:1017922417931
DO - 10.1023/A:1017922417931
M3 - Journal article
AN - SCOPUS:0034784615
VL - 20
SP - 73
EP - 90
JO - Environmental and Resource Economics
JF - Environmental and Resource Economics
SN - 0924-6460
IS - 1
ER -
ID: 210832375