02267cas a2200277 a 4500 AALejournalIMF015210 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475576368 2617-6750 BD-DhAAL BD-DhAAL Atoyan, Ruben. Emigration and Its Economic Impact on Eastern Europe / Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (48 pages) Staff Discussion Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries' growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries' economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts. Mode of access: Internet Christiansen, Lone Engbo. Dizioli, Allan. Ebeke, Christian. Staff Discussion Notes; Staff Discussion Notes ; No. 2016/007 Full text available on IMF http://elibrary.imf.org/view/journals/006/2016/007/006.2016.issue-007-en.xml IMF e-Library