Butkus, Mindaugas; Dargenytė-Kacilevičienė, Laura; … - In: Economies : open access journal 12 (2024) 1, pp. 1-21
almost non-existent. Using the unemployment gap as the proxy for the maturity of the business cycle phase, this paper seeks … unemployment gap is positive and increasing and lower when the gap decreases, regardless of the business cycle phase. Thus, it can …The results of previous research suggest that the elasticity of employment with respect to output is not constant …