RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D69)
P
t
x
*
≡
(
(
1
−
ϕ
x
)
(
P
¯
t
x
*
)
1
−
θ
x
+
ϕ
x
(
P
t
−
1
x
*
)
1
−
θ
x
)
1
1
−
θ
x
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