prices with respect to the euro area productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area …

This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern … Europe, using industry-level data. Four conclusions stand out. First, there is a strong convergence effect in productivity …, both at the country and at the industry level. Second, FDI inflow plays an important role in accounting for productivity …