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RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D21)
P
˜
t
o
=
[
∫
0
1
P
t
o
(
i
)
−
θ
o
d
i
]
−
1
θ
o
=
(
(
1
−
ϕ
o
)
(
P
¯
t
o
)
−
θ
o
+
ϕ
o
P
˜
t
−
1
o
−
θ
o
)
−
1
θ
o
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