Structural Change and Exchange Rate Dynamics

The Economics of EU Eastern Enlargement

  • Paul J.J. Welfens
  • Anna Wziątek-Kubiak

Table of contents

  1. Front Matter
    Pages I-VI
  2. Pages 1-8
  3. Back Matter
    Pages 281-290

About this book


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.


EU Eastern Enlargement European Union European Union (EU) Exchange Rate Determination Exchange Rate Dynamics International Economics Transition Economies economic growth economic integration structural change transition

Editors and affiliations

  • Paul J.J. Welfens
    • 1
  • Anna Wziątek-Kubiak
    • 2
  1. 1.EIIW — European Institute for International Economic RelationsUniversity of WuppertalWuppertalGermany
  2. 2.Institute of Economics Palac StaszicaPolish Academy of ScienceWarsawPoland

Bibliographic information

  • DOI
  • Copyright Information Springer Berlin · Heidelberg 2005
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-27687-6
  • Online ISBN 978-3-540-28526-7
  • Buy this book on publisher's site