RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (2)

ln ∈ t L = ρ ∈ ln ∈ t − 1 L + u t ∈ L MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiiBaiaac6 gacqGHiiIZdaqhaaWcbaGaamiDaaqaaiaadYeaaaGccqGH9aqpcqaH bpGCdaWgaaWcbaGaeyicI4mabeaakiGacYgacaGGUbGaeyicI48aa0 baaSqaaiaadshacqGHsislcaaIXaaabaGaamitaaaakiabgUcaRiaa dwhadaqhaaWcbaGaamiDaaqaaiabgIGiopaaCaaameqabaGaamitaa aaaaaaaa@4C73@