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RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (75)
M
C
N
,
t
=
(
1
1
−
α
N
)
1
−
α
N
(
1
α
)
α
N
W
N
,
t
1
−
α
N
R
N
,
t
K
α
N
Z
N
,
t
Z
t
1
−
α
N
P
N
,
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamytaiaado eadaWgaaWcbaGaamOtaiaacYcacaWG0baabeaakiabg2da9maabmaa baWaaSaaaeaacaaIXaaabaGaaGymaiabgkHiTiabeg7aHnaaBaaale aacaWGobaabeaaaaaakiaawIcacaGLPaaadaahaaWcbeqaaiaaigda cqGHsislcqaHXoqydaWgaaadbaGaamOtaaqabaaaaOWaaeWaaeaada WcaaqaaiaaigdaaeaacqaHXoqyaaaacaGLOaGaayzkaaWaaWbaaSqa beaacqaHXoqydaWgaaadbaGaamOtaaqabaaaaOWaaSaaaeaacaWGxb Waa0baaSqaaiaad6eacaGGSaGaamiDaaqaaiaaigdacqGHsislcqaH XoqydaWgaaadbaGaamOtaaqabaaaaOGaamOuamaaDaaaleaacaWGob GaaiilaiaadshaaeaacaWGlbaaaOWaaWbaaSqabeaacqaHXoqydaWg aaadbaGaamOtaaqabaaaaaGcbaGaamOwamaaBaaaleaacaWGobGaai ilaiaadshaaeqaaOGaamOwamaaDaaaleaacaWG0baabaGaaGymaiab gkHiTiabeg7aHnaaBaaameaacaWGobaabeaaaaGccaWGqbWaaSbaaS qaaiaad6eacaGGSaGaamiDaaqabaaaaaaa@69AD@