RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (2)
S
t
P
t
r
*
=
(
1
+
ζ
)
W
t
r
A
t
r
X
t
ζ
K
t
−
μ
R
t
μ
−
ζ
+
Q
t
r
S
t
P
t
*
=
Q
t
k
(
1
−
Ξ
(
I
t
I
t
−
1
)
−
Ξ
"
(
I
t
I
t
−
1
)
I
t
I
t
−
1
)
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