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RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (5)
K
X
,
t
+
1
=
(
1
−
δ
)
K
X
,
t
+
V
t
[
1
−
ϒ
(
I
x
,
t
I
x
,
t
−
1
)
]
J
X
,
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4samaaBa aaleaacaWGybGaaiilaiaadshacqGHRaWkcaaIXaaabeaakiabg2da 9maabmaabaGaaGymaiabgkHiTiabes7aKbGaayjkaiaawMcaaiaadU eadaWgaaWcbaGaamiwaiaacYcacaWG0baabeaakiabgUcaRiaadAfa daWgaaWcbaGaamiDaaqabaGcdaWadaqaaiaaigdacqGHsislcqqHsp qOdaqadaqaamaalaaabaGaamysamaaBaaaleaacaWG4bGaaiilaiaa dshaaeqaaaGcbaGaamysamaaBaaaleaacaWG4bGaaiilaiaacshacq GHsislcaaIXaaabeaaaaaakiaawIcacaGLPaaaaiaawUfacaGLDbaa caWGkbWaaSbaaSqaaiaadIfacaGGSaGaamiDaaqabaaaaa@5B23@