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RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (132)
0
=
l
t
−
[
l
H
,
t
1
+
ω
+
l
N
,
t
1
+
ω
+
l
X
,
t
1
+
ω
]
1
1
+
ω
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