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RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D40)
Q
t
r
P
t
c
=
β
E
t
(
M
˜
t
,
t
+
1
(
ζ
−
μ
)
W
t
+
1
r
R
t
+
1
P
t
+
1
c
R
t
+
1
A
t
+
1
r
(
X
t
+
1
R
t
+
1
)
1
+
ζ
(
K
t
+
1
R
t
+
1
)
−
μ
)
+
β
E
t
(
M
˜
t
,
t
+
1
Q
t
+
1
r
P
t
+
1
c
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaadaWcaaqaaiaadgfadaqhaaWcbaGaamiDaaqaaiaadkhaaaaakeaacaWGqbWaa0baaSqaaiaadshaaeaacaWGJbaaaaaakiabg2da9iabek7aIjaadweadaWgaaWcbaGaamiDaaqabaGcdaqadaqaamaaGaaabaGaamytaaGaay5adaWaaSbaaSqaaiaadshacaGGSaGaamiDaiabgUcaRiaaigdaaeqaaOWaaeWaaeaacqaH2oGEcqGHsislcqaH8oqBaiaawIcacaGLPaaadaWcaaqaaiaadEfadaqhaaWcbaGaamiDaiabgUcaRiaaigdaaeaacaWGYbaaaaGcbaGaamOuamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccaWGqbWaa0baaSqaaiaadshacqGHRaWkcaaIXaaabaGaam4yaaaaaaGcdaWcaaqaaiaadkfadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGcbaGaamyqamaaDaaaleaacaWG0bGaey4kaSIaaGymaaqaaiaadkhaaaaaaOWaaeWaaeaadaWcaaqaaiaadIfadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGcbaGaamOuamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaaaaGccaGLOaGaayzkaaWaaWbaaSqabeaacaaIXaGaey4kaSIaeqOTdOhaaOWaaeWaaeaadaWcaaqaaiaadUeadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGcbaGaamOuamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaaaaGccaGLOaGaayzkaaWaaWbaaSqabeaacqGHsislcqaH8oqBaaaakiaawIcacaGLPaaaaeaacqGHRaWkcqaHYoGycaWGfbWaaSbaaSqaaiaadshaaeqaaOWaaeWaaeaadaaiaaqaaiaad2eaaiaawoWaamaaBaaaleaacaWG0bGaaiilaiaadshacqGHRaWkcaaIXaaabeaakmaalaaabaGaamyuamaaDaaaleaacaWG0bGaey4kaSIaaGymaaqaaiaadkhaaaaakeaacaWGqbWaa0baaSqaaiaadshacqGHRaWkcaaIXaaabaGaam4yaaaaaaaakiaawIcacaGLPaaaaaaa@9094@