Skip to content
RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation
U
(
C
t
,
L
H
,
t
,
L
N
,
t
,
L
X
,
t
)
=
ln
(
C
t
−
h
C
t
−
1
)
−
∈
t
L
1
+
ν
[
ξ
H
L
H
,
t
1
+
ω
+
ξ
N
L
N
,
t
1
+
ω
+
ξ
X
L
X
,
t
1
+
ω
]
1
+
ν
1
+
ω
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyvamaabm aabaGaam4qamaaBaaaleaacaWG0baabeaakiaacYcacaWGmbWaaSba aSqaaiaadIeacaGGSaGaamiDaaqabaGccaGGSaGaaGPaVlaadYeada WgaaWcbaGaamOtaiaacYcacaWG0baabeaakiaacYcacaaMc8Uaamit amaaBaaaleaacaWGybGaaiilaiaadshaaeqaaaGccaGLOaGaayzkaa Gaeyypa0JaciiBaiaac6gadaqadaqaaiaadoeadaWgaaWcbaGaamiD aaqabaGccqGHsislcaWGObGaam4qamaaBaaaleaacaWG0bGaeyOeI0 IaaGymaaqabaaakiaawIcacaGLPaaacqGHsisldaWcaaqaaiabgIGi opaaDaaaleaacaWG0baabaGaamitaaaaaOqaaiaaigdacqGHRaWkcq aH9oGBaaWaamWaaeaacqaH+oaEdaWgaaWcbaGaamisaaqabaGccaWG mbWaa0baaSqaaiaadIeacaGGSaGaamiDaaqaaiaaigdacqGHRaWkcq aHjpWDaaGccqGHRaWkcqaH+oaEdaWgaaWcbaGaamOtaaqabaGccaWG mbWaa0baaSqaaiaadIeacaGGSaGaamiDaaqaaiaaigdacqGHRaWkcq aHjpWDaaGccqGHRaWkcqaH+oaEdaWgaaWcbaGaamiwaaqabaGccaWG mbWaa0baaSqaaiaadIfacaGGSaGaamiDaaqaaiaaigdacqGHRaWkcq aHjpWDaaaakiaawUfacaGLDbaadaahaaWcbeqaamaalaaabaGaaGym aiabgUcaRiabe27aUbqaaiaaigdacqGHRaWkcqaHjpWDaaaaaaaa@859F@