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A note on Cole and Stockman

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  • Barelli, Paulo
  • Pessôa, Samuel de Abreu

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.
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Suggested Citation

  • Barelli, Paulo & Pessôa, Samuel de Abreu, 2003. "A note on Cole and Stockman," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 479, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    • Handle: RePEc:fgv:epgewp:479
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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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