Babetski, Jan; Galuscak, Kamil; Lizal, Lubomir - 2012
elasticity estimates for 2002-2009. The economic crisis of 2008-2009 provides a source of variation needed for getting estimates …), the short-term elasticity is -0.53 with respect to wages and 0.43 with respect to sales, while the long-term elasticities … increased during the crisis, suggesting that firms became output demand constrained, but only the sales elasticity is …