RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (116)

0 = ( 1 α X ) τ X , t y X , t l X , t w X , t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaGimaiabg2 da9maabmaabaGaaGymaiabgkHiTiabeg7aHnaaBaaaleaacaWGybaa beaaaOGaayjkaiaawMcaamaalaaabaGaeqiXdq3aaSbaaSqaaiaadI facaGGSaGaamiDaaqabaGccaWG5bWaaSbaaSqaaiaadIfacaGGSaGa amiDaaqabaaakeaacaWGSbWaaSbaaSqaaiaadIfacaGGSaGaamiDaa qabaaaaOGaeyOeI0Iaam4DamaaBaaaleaacaWGybGaaiilaiaadsha aeqaaaaa@4E2C@