Publication detail

The Impact of EU Accession on Farm Production in the Czech Republic: A Synthetic Control Method Approach

Author(s): Matěj Opatrný MSc.,
Type: Articles in journals with impact factor
Year: 2020
Number: 70
ISSN / ISBN:
Published in: Czech Journal of Economics and Finance
Publishing place: Praha
Keywords: common agriculture policy, common agricultural market, subsidies, farms, synthetic control method
JEL codes: C10, Q10, Q18
Suggested Citation: Opatrny, M. (2020). The Impact of EU Accession on Farm Production in the Czech Republic: A Synthetic Control Method Approach. Czech Journal of Economics and Finance (Finance a uver), 70(3), 281-307.
Grants: SVV 260 463 - Heterogeneity in Economics and Finance: Strengthening of Doctoral Studies by Securing Excellent pre-gradual Students
Abstract: Czech farmers experienced an enormous exogenous shock when they joined the common agricultural market (CAM) and the Common Agricultural Policy (CAP) in 2004. Using the World Bank’s dataset, we apply the synthetic control method to establish a counterfactual case of the Czech Republic food production index in the absence of the CAM and CAP. The results show that the Czech Republic would have had a higher food index if it had not entered the CAM and CAP. Moreover, we show that the CAP and CAM had different impacts on farms in the Czech Republic and Bulgaria, which have the most comparable agriculture according to the results of the synthetic control method.
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