Analysis of the Common Agricultural Policy financial subsidies impact in all EU countries
Author(s) -
Nicola Galluzzo
Publication year - 2020
Publication title -
trakia journal of sciences
Language(s) - English
Resource type - Journals
eISSN - 1313-3551
pISSN - 1312-1723
DOI - 10.15547/tjs.2020.03.007
Subject(s) - subsidy , common agricultural policy , rurality , agriculture , sample (material) , rural development , business , population , rural population , agricultural policy , rural area , economic growth , public economics , economics , agricultural economics , economic policy , geography , european union , political science , market economy , chemistry , demography , sociology , archaeology , chromatography , law
This study has investigated by a quantitative approach the impact of financial subsidies allocated by the Common Agricultural Policy to European farms; the aim was to assess also the linkages among financial supports allocated by the Common Agricultural Policy and rural development by proposing a briefly definition of a rurality index. METHODS: In this research, it has used two quantitative approaches as the Self-Organizing Maps and the Partial Least Square Structural Equation Model (PLS-SEM) over two different years such as 2007 and 2017 in a sample of farms belonging to the Farm Accountancy Data Network dataset. RESULTS: Findings have emphasized the impact and the main role of financial subsidies in stimulating rural growth even if there are also lots of unbalances between EU states.CONCLUSIONS: The role of the public administrations at a local level should be addressed towards a strictly severe task to condense main priorities of rural development and the needs of the rural population in specific and pilot initiatives.
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