Butkus, Mindaugas; Dargenytė-Kacilevičienė, Laura; … - In: Economies : open access journal 12 (2024) 1, pp. 1-21
The results of previous research suggest that the elasticity of employment with respect to output is not constant … almost non-existent. Using the unemployment gap as the proxy for the maturity of the business cycle phase, this paper seeks … vulnerable to jobless growth. Our specification is based on the employment version of Okun's law, and estimates are provided for …