Rizov, Marian; Davidova, Sofia; Bailey, Alastair - 2018
of CAP payments in both static and dynamic models of employment. The results suggest positive net spillovers of CAP … payments to non-farm employment. Although the magnitude of the effect is small, it is economically significant. In general …, Pillar 1 has a stronger positive employment effect relative to Pillar 2. However, Pillar 2 payments have a stronger positive …