RDP 2013-14: Reserves of Natural Resources in a Small Open Economy Equation (D36)

S t P t c P t * = Q t k ( 1 − Ξ ( I t / R t I t − 1 / R t − 1 R t R t − 1 ) − Ξ ′ ( I t / R t I t − 1 / R t − 1 R t R t − 1 ) I t / R t I t − 1 / R t − 1 R t R t − 1 ) + β E t ( M ˜ t , t + 1 Q t + 1 k P t + 1 c Ξ ′ ( I t + 1 / R t + 1 I t / R t R t + 1 R t ) ( I t + 1 / R t + 1 I t / R t R t + 1 R t ) 2 ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@BC7B@