The Economics of European Agriculture

by Andreosso-O'Callaghan, Bernadette

• ISBN13: 9780333726440
• ISBN10: 0333726448
• Format: Hardcover
• Copyright: 2003-11-22
• Publisher: Palgrave Macmillan

Summary

The Economics of European Agriculture explains the Demand and Supply characteristics of agricultural markets, as well as government intervention in agriculture, with an emphasis on the Common Agricultural Policy (CAP).Bernadette Andreosso-O'Callaghan also analyses the fifth enlargement and its implications for agriculture in Europe, technology and innovation, and agricultural trade liberalization.

Author Biography

Bernadette Andreosso-O'Callaghan is Professor, College of Business, University of Limerick.

Table of Contents

List of Figures	xi
List of Tables	xiii
Acknowledgements	xvi
Introduction	1	(3)
1 Concepts and Definitions	4	(37)
Objectives of this chapter	4	(1)
1.1 Definition and scope of the field of agricultural economics	4	(6)
1.2 Global trends in supply	10	(13)
1.3 The role of agriculture in economic development	23	(14)
Summary	37	(1)
Key terms and concepts	37	(1)
Notes	38	(1)
Bibliography	38	(3)
2 Demand and Supply - Market Mechanisms for Agricultural Products	41	(24)
Objectives of this chapter	41	(1)
Introductory remarks	41	(1)
2.1 The demand function - price and income elasticities of demand	42	(4)
2.2 Characteristics of supply	46	(5)
2.3 The market mechanism for agricultural products	51	(9)
2.4 The structure of EU agricultural holdings	60	(1)
2.5 Concluding remarks - the 'farm' problem	61	(1)
Key terms and concepts	62	(1)
Notes	62	(1)
Bibliography	63	(2)
3 Government Intervention in Agriculture	65	(24)
Objectives of this chapter	65	(1)
Introduction	65	(1)
3.1 The rationale for government intervention in agriculture	66	(1)
3.2 Agricultural support policies: methods and effects	67	(9)
3.3 Early European agricultural policies	76	(10)
Summary	86	(1)
Key terms and concepts	87	(1)
Notes	87	(1)
Bibliography	88	(1)
4 The Common Agricultural Policy	89	(42)
Objectives of this chapter	89	(1)
Introduction	89	(1)
4.1 Birth and mechanisms of the CAP	90	(10)
4.2 Critical appraisal of the CAP: relative success/failure of the policy	100	(12)
4.3 CAP reforms and the future of the policy	112	(14)
Conclusion	126	(1)
Key terms and concepts	127	(1)
Notes	128	(1)
Bibliography	129	(2)
5 Technology and Innovation	131	(35)
Objectives of this chapter	131	(1)
Introduction - technology and economic growth	131	(3)
5.1 Major innovations in European agriculture	134	(8)
5.2 Models of innovation diffusion and adoption	142	(8)
5.3 The importance of knowledge in agriculture	150	(2)
5.4 Agricultural innovation in the EU	152	(9)
Summary	161	(1)
Key terms and concepts	162	(1)
Notes	162	(1)
Bibliography	163	(3)
6 A Wider European Union: Enlargement to Central and Eastern Europe, Cyprus and Malta	166	(23)
Objectives of this chapter	166	(1)
Introductory remarks	166	(1)
6.1 Previous enlargements	167	(3)
6.2 Enlargement to the CEECs, to Cyprus and Malta	170	(16)
Summary	186	(1)
Key terms and concepts	187	(1)
Notes	187	(1)
Bibliography	188	(1)
7 The EU as an Agricultural Trade Partner	189	(31)
Objectives of this chapter	189	(1)
Introduction: overview of world trade patterns and comparative advantage of countries	189	(5)
7.1 The major agricultural trade partners of the EU	194	(4)
7.2 EU trade agreements with a number of selected developing countries	198	(13)
7.3 Tackling rural poverty and malnutrition in the developing world: EU cooperation with LDCs	211	(4)
Summary	215	(1)
Key terms and concepts	216	(1)
Notes	217	(1)
Bibliography	218	(2)
8 Agricultural Trade Liberalization	220	(32)
Objectives of this chapter	220	(1)
Introduction	220	(2)
8.1 The Uruguay Round of negotiations - the measurement of trade distortions	222	(10)
8.2 The 1992 Blair House pre-accord, the 'oilseeds' dispute and the Marrakech agreement	232	(4)
8.3 The CAP-GATT/WTO link	236	(1)
8.4 Estimating the effects of trade liberalization	237	(7)
8.5 The future - the November 2001 Doha agenda and beyond	244	(2)
Conclusions: contentious issues in the new round of negotiations	246	(2)
Key terms and concepts	248	(1)
Notes	248	(1)
Bibliography	249	(3)
Conclusions: The Future of EU and World Agriculture - The Challenges Ahead	252	(6)
Index	258