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A Note On Cole And Stockman

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  • Paulo Barelli
  • Samuel de Abreu Pessôa

Abstract

We show that Bailey's rule holds true in Cole and Stockman's (1992) model of endogenous specialization. Copyright 2004 by the Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association.

Suggested Citation

  • Paulo Barelli & Samuel de Abreu Pessôa, 2004. "A Note On Cole And Stockman," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1293-1300, November.
    • Handle: RePEc:ier:iecrev:v:45:y:2004:i:4:p:1293-1300
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    References listed on IDEAS

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    1. Cole, Harold L & Stockman, Alan C, 1992. "Specialization, Transactions Technologies, and Money Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(2), pages 283-298, May.
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