ENGLISH

Structural Change and Exchange Rate Dynamics: The Economics of EU Eastern Enlargement

By Paul J.J. Welfens , Anna Wziatek-Kubiak

Book information

Publisher
Springer
Year
2005
ISBN
3540276874, 9783540276876
Open Library ID
OL9055735M
Language
english
Format
PDF
Filesize
10 MB (10622883 bytes)
Edition
1
Pages
290\290
Orientation
yes
Scanned
yes
Time added
2012-03-17 06:00:00

Description

Structural change, economic growth and adequate exchange rate adjustment are key challenges in the context of EU eastern enlargement as are consistent macroeconomic policies. The authors focus on sectoral adjustment across industries in catching-up countries and explain changes in the composition of output – this includes new aspects of the Chenery model. They describe and analyze the spatial pattern of specialization and adjustment in many countries. Theoretical and empirical analysis of foreign direct investment, innovation and structural change shed new light on economic dynamics in Old Europe and New Europe. As regards exchange rate dynamics both traditional aspects (such as the Balassa-Samuelson effect) and new approaches to understanding exchange rate developments are presented. Links between exchange rate changes and innovation are particularly emphasized.

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