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This paper examines the possible Brexit scenarios and their impacts on the Common Agricultural Policy (CAP) of the European Union (EU) with particular focus on Lithuania. The paper outlines the scientific discourse on the imminent modifications of the CAP after the Brexit along with changes in the EU budget. The paper was prepared during the beginning of Brexit negotiations, with withdrawal terms not being publicly disclosed. Thus, the most likely assumptions have been accepted in order to model the scenarios. The possible effects of Brexit on the agriculture of the small EU Member States are discussed taking the case of Lithuania as an example. The empirical analysis showed that, in the case of three different Brexit-induced CAP modifications, Lithuanian agricultural sector may lose 1% to 20% of financial support under the CAP direct payment mechanism. The corresponding loss under these scenarios is quantified for agricultural sectors of all the EU Member States. (original abstract)
Twórcy
autor
- Lithuanian Institute of Agrarian Economics Vilnius, Lithuanian
autor
- Lithuanian Institute of Agrarian Economics, Vilnius, Lithuania
autor
- Lithuanian Institute of Agrarian Economics, Vilnius, Lithuania
autor
- Lithuanian Institute of Agrarian Economics, Vilnius, Lithuania
Bibliografia
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- Council, 1985. Council decision of 7 May 1985 on the Communities' system of own resources (85/257/EEC, Euratom). Official journal of the European Communities (14.05.85)
- Culkin, N., & Simmons, R. (2019). Shock Therapy and Entrepreneurial Flare
Typ dokumentu
Bibliografia
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bwmeta1.element.ekon-element-000171558578