RDP 9512: Consumption, Investment and International Linkages
Equation (9)
max
{
z
t
}
V
0
=
∫
0
∞
[
f
(
k
t
)
−
z
t
(
1
+
T
(
Z
t
k
t
)
)
−
w
t
]
e
−
θ
t
d
t
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