Impact of Investment Support and Activity on Farms Economic Performance in Bulgaria
Keywords:
investment support, economic efficiency, farms, CAPAbstract
Support for investment in agricultural holdings – an undivided part of the Common Agricultural Policy. During 2015–2016 IAE developed scientific project “Impact of investment support on the economic viability of farms”. One of the aims of the project was to quantification of this influence and to prepare ex-post and ex-ante analysis. Investment aid cover part of the total cost of the programs related to investment activities in a farm. Support for investment in Europe is priority since the Treaty of Rome in 1957. EU member states under Regulation 1257/1999 and 1698/2005 may include support for investment in its plans for rural development. The objectives of investment support are different in different stages of development of the CAP. Since 2000, especially in 2014–2020 investment support aims at building high-performance farms in the sustainable management of resources and reduce environmental risks. The aim of this paper is to present the results from the analysis of the investment support and activity impact on farms’ economic performance.
References
Gatev, K., 1986. General Theory of Statistics, Sofia.
Bolch, B. W and C. J. Huang, 1974. Multivariate Statistical Methods for Business and Economics. New Jersey: Prentice-Hall.
Buchta, S., T. Buchta, 2009. Impact of the investment grants from the European funds on the development of agriculture and rural areas, Research Institute of Agriculture and Food Economics, Agricultural Economic – Czech, 55, pp. 59-66.
Buysse, J., Verspecht, A. and Van Huylenbroeck, G., 2011. Assessing the impact of the EU Common Agricultural Policy pillar II support using micro-economic data, 122nd EAAE Seminar “Evidence-Based Agricultural and Rural Policy Making”, Ancona.
Dwyer, J., 2005. Rural Development under the CAP: Significance, likely impacts and modelling issues, JRC workshop, Italy.
Ilze Upīte, 2009. Evaluation of supported investment in Latvian farms, Economics and Rural Development, Vol. 5, No. 2, pp. 30-35.
Nickell, S. J., 1981. Biases in Dynamic Models with Fixed Effects. Econometrica 49: 1417-1426.
Nikolov, D. at al., 2016. “Impact of investment support on the economic viability of farms”, IAE, Sofia.
Rural Development Program 2014-2020, Ministry of Agriculture and Food.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Bulgarian Journal of Agricultural Economics and Management
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
