Cosculluela Martínez, Carolina2014-01-292014-01-292013-09-09Effects on labour and GDP of the cap 2013 reform though investment in agricultural machinery: spanish case Carolina Cosculluela Martínez Revista de Evaluación de Programas y Políticas Públicas, ISSN-e 2340-8464, Nº. 1, 2013, págs. 169-203http://hdl.handle.net/10115/12005This paper studies the effect of the investment in agricultural machinery on the Spanish net employment and GDP growth. Those dynamic responses to a permanent unitary shock in agricultural machinery capital stock are studied estimating a reduced form of a Structural Equation Model (SEM) where effects on all variables are considered. Results suggest that CAP 2013 negotiation in Brussels is crucial for the Spanish 25% unemployment rate. The investment of 4,5 thousand Euro increases net employment in one employee after 4 years, while other machinery requires 24,7 thousand Euro and metal machinery 47,2 thousand Euro for the same achievement.engPACLabourGDPAGricultural Machineryinfo:eu-repo/semantics/reviewinfo:eu-repo/semantics/openAccess5312 Economía Sectorial5306 Económica del Cambio Tecnológico