Lucas Bernard

Financial Flows and Productivity in Eastern Europe: Implications for Growth and Policy

The current work highlights empirical evidence regarding a number of macroeconomic indicators and their implications for Eastern European economies and policy. In particular, we are interested in how growth and productivity have impacted the economies on a local scale. We discuss the policy implications with a view toward Eastern Europe’s position as an emerging economic sector as it interacts with world markets and global competition. The chapter focuses on how productivity is impacting employment, but also discusses the methodological and empirical challenges involved in creating more robust models.