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.

The aims of this paper are to discuss the strategy of international insertion of Brazil and to propose a redefinition of the priorities of external policy, based on an analysis of the structure and the dynamics of the international system, as well as of the challenges faced by Brazilian society.

This article presents a group of exercises of level and growth decomposition of output per worker using cross-country data from 1960 to 2000. It is shown that at least until 1975 factors of production (capital and education) were the main source of output dispersion across economies and that...