1. 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
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2. 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).

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

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

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

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