By Hubert Gabrisch, Vienna and Halle

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Presentation transcript:

By Hubert Gabrisch, Vienna and Halle Reflections on the links between investment, productivity, and income convergence in Central-East European countries 8th Annual NBP Conference on the Future of the European Economy (CoFEE) ‘The Mystery of Low Productivity Growth in Europe’, Warsaw, 26 October 2018 By Hubert Gabrisch, Vienna and Halle E-mail: h.gabrisch@wile-institute.eu homepage: http://www.hubert-gabrisch.com Publication downloads: http://www.researchgate.net/profile/Hubert_Gabrisch/

Convergence: The income gap becomes smaller (gdp per capita gap in per cent of the Euro area) a GDP per capita, current prices, purchasing power parities (Euro area minus country value in % of euro area value) Source: Eurostat (nama_10_pc).

Figure 2: FDI net inflows are highly volatile.... : Hunya and Schwarzhappel 2018; author’s drawing.

Trend growth of gdp per capita and labour productivity (two concepts) in Europe

Trend growth of gdp per capita and labour productivity (two concepts) in main global regions

Real effective exchange rates (deflator: nominal unit labour costs ( 37 trading partners - industrial countries) - EU = 100) Source: Eurostat [ert_eff_ic_a]