RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (1)

ln ζ t = ρ ζ ln ζ t − 1 + u t ζ MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaciiBaiaac6 gacqaH2oGEdaWgaaWcbaGaamiDaaqabaGccqGH9aqpcqaHbpGCdaWg aaWcbaGaeqOTdOhabeaakiGacYgacaGGUbGaeqOTdO3aaSbaaSqaai aadshacqGHsislcaaIXaaabeaakiabgUcaRiaadwhadaqhaaWcbaGa amiDaaqaaiabeA7a6baaaaa@4AB6@