ENGLISH

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

By Professor Dr. Paul J.J. Welfens , Professor Dr. Anna Wziątek-Kubiak (eds.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2005
ISBN
978-3-540-27687-6, 978-3-540-28526-7
DOI
10.1007/3-540-28526-1
Language
english
Format
PDF
Filesize
15 MB (15419290 bytes)
Edition
1
Pages
290\290
Time added
2013-10-20 05:25:02
Economic Policy; Macroeconomics/Monetary Economics

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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