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Dynamic Scale Economies, Specialization, And The Cost Of The Single Currency, Luca De Benedictis, Piercarlo Padoan
Dynamic Scale Economies, Specialization, And The Cost Of The Single Currency, Luca De Benedictis, Piercarlo Padoan
Luca De Benedictis
The paper explores the effect of exchange rate policy, labour market intervention and technological change on the structure of the Ricardian specialization of countries in presence of Economies of scale and learning-by-doing. The model is developed with the EU in mind.