Parallel Sessions C: Fr, 10.30-12.15

OP 5 (Room SR 1): Happiness and attitudes in Europe

Panel organizer and chair
Olga Popova (IOS Regensburg, CERGE-EI, Ural Federal University)

Panel abstract
This panel is devoted to different aspects of life satisfaction and happiness in Europe. The first paper investigates whether countries globally, and Bulgaria, in particular, efficiently reach happiness levels with current resources (i.e., income, education, and health). In the second paper, the impact of the Euro adoption on individual life satisfaction in Slovakia is analyzed. The third paper looks at the variation in life-satisfaction differentials between migrants, non-migrants and returnees across Central and East European countries, while the last one investigates the impact of differences between origin and host cities scale on the life satisfaction of Romanian migrants in Europe.


  1. Milena Nikolova (Institute for the Study of Labor, The Brookings Institution): The Bulgarian happiness (in)efficiency
  2. Olga Popova (IOS Regensburg, CERGE-EI, Ural Federal University): Psychological costs of currency transition: Evidence from the Euro adoption
  3. Dragos Radu (IOS Regensburg), Ekaterina Selezneva: Never look back (in anger): The life-satisfaction of East European migrants and returnees
  4. Bogdan Voicu (Romanian Academy of Sciences, Research Institute for Quality of Life), Marian Vasile: City scale. On post-migration life satisfaction


OP 6 (Room SR 2): Micro-macro determinants of productivity growth

Panel organizer and chair
Randolph Luca Bruno (UCL, SSEES, IZA, Fondazione Rodolfo De Benedetti)

Panel abstract
Recent research has shown that to understand the forces shaping aggregate productivity researchers need to go beyond aggregate explanations to analyse the dynamics of knowledge diffusion and productivity catch-up across industries and firms. In particular, it has been noted that growth slowdown is not so much due to a slowing of innovation but rather comes from a slowdown in the pace at which innovations spread throughout the economy (OECD (2015) The Future Of Productivity, Paris).
This structural feature of productivity growth points at the role of firms at the global technology frontier, the national technology frontier, and behind these frontiers in explaining the breakdown of diffusion. We know little about this process in the emerging economies and there are still some puzzling patterns in advanced economies, not to mention the exploding literature on “the middle income trap”.
The panel the conference will be particularly interested in contributions that explore such micro-level determinants of productivity growth in a comparative perspective.


  1. Randolph Luca Bruno (UCL, SSEES, IZA, Fondazione Rodolfo De Benedetti), E. Douarin, J. Korosteleva, S. Radosevic: Determinants of productivity gap in the EU: A multilevel perspective
  2. Helena Schweiger (EBRD), W. Bartz, P. Mohnen: The role of innovation and management practices in determining firm productivity in developing economies
  3. Edvar Orlic (Bournemouth University), I. Hashib, M. Hisarciklilar: Cross sectoral FDI spillovers and their impact on manufacturing productivity
  4. Martin Falk (WIFO): Productivity, broadband usage and technological innovations: Firm-level evidence for 9 European Countries


PS 9 (Room SR 3): Saving and investment decisions

Andrei Yakovlev (National Research University Higher School of Economics Moscow)

  1. Monika Fiedorczuk (University of Bialystok): Capital market as a factor of corporate sector development in Russia. The comparison with CEE economies
  2. Maria Lissowska (Warsaw School of Economics): Financial decisions of households in post-transition countries – what does it impact: income or culture?
  3. Andrei Yakovlev (National Research University Higher School of Economics Moscow), Irina Levina, Gregory Kisunko, Israel Marques: Uncertainty as a factor in investment decisions: The case of Russia’s regions


PS 10 (Room SR 4): Banking sector issues

Andrei Vernikov (National Research University Higher School of Economics Moscow)

  1. Khurshid Djalilov (Bournemouth University), Jens Hölscher: Market power, regulation and stability in the banking sector of transition countries
  2. Evzen Kocenda (Charles University Prague), Jan Bruha: Financial stability in Europe: Banking and sovereign risk
  3. Tho Pham (University of Sheffield): Multimarket competition and profitability: Evidence from Ukrainian banking
  4. Andrei Vernikov (National Research University Higher School of Economics Moscow), Mikhail Mamonov: Long-term bank lending: Who does a better job in Russia?


PS 11 (Room SR 5): FDI

Allan Webster (Bournemouth University)

  1. Nina Ershova (National Research University Higher School of Economics Moscow): Investment climate in Russia and challenges for foreign business: The case of Japanese companies
  2. Azusa Fujimori (Osaka Seikei University): Technological diffusion through the foreign direct investment in manufacturing industry: Empirical evidence from a firm-level analysis in India
  3. Magdolna Sass (Centre for Economic and Regional Studies, Hungarian Academy of Science, Corvinus University), Zoltán Gál, Bálint Juhász: The impact of foreign direct investments on the host economy: the analysis of selected services industries of Visegrad countries
  4. Allan Webster (Bournemouth University): Inward FDI and innovation in transitional countries


PS 12 (Room SR 6): Development(s) in the Western Balkans

Ivan Vujacic (University of Belgrade)

  1. Yoji Koyama (Niigata University): Transformation and economic development in the Western Balkans: Focus on Serbia
  2. Milica Uvalic (University of Perugia), Jan Svejnar: Are the Western Balkans catching up after a lost decade?
  3. Ivan Vujacic (University of Belgrade), Jelica Petrovic-Vujacic, Svetozar Tanaskovic, Marko Miljkovic: Yugoslavia – Where it was, where it went