Groenewold, Nicolaas; Hagger, A J - In: The Economic Record 74 (1998) 224, pp. 24-35
The natural rate of unemployment is calculated based on D. M. Lilien's (1982) notion that an increase in the sectoral dispersion of demand results in a rise in unemployment for a given level of aggregate demand. In contrast to earlier applications, the dispersion measure is based on sectoral...