RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation
S
t
P
t
r
*
=
(
1
+
ζ
)
W
r
r
x
t
ζ
k
t
−
μ
+
Q
t
R
S
t
P
t
*
=
Q
t
K
∂
C
∂
D
t
=
Q
t
R
Q
t
R
=
β
E
t
(
(
ζ
−
μ
)
W
t
+
1
m
x
t
+
1
1
+
ζ
k
t
+
1
−
μ
+
Q
t
+
1
R
)
Q
t
K
=
β
E
t
(
μ
W
t
+
1
m
x
t
+
1
1
+
ζ
k
t
+
1
−
μ
−
1
+
Q
t
+
1
K
(
1
−
δ
)
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabuqaaa aabaGaam4uamaaBaaaleaacaWG0baabeaakiaadcfadaqhaaWcbaGa amiDaaqaaiaadkhadaahaaadbeqaaiaacQcaaaaaaOGaeyypa0Zaae WaaeaacaaIXaGaey4kaSIaeqOTdOhacaGLOaGaayzkaaGaam4vamaa DaaaleaacaWGYbaabaGaamOCaaaakiaadIhadaqhaaWcbaGaamiDaa qaaiabeA7a6baakiaadUgadaqhaaWcbaGaamiDaaqaaiabgkHiTiab eY7aTbaakiabgUcaRiaadgfadaqhaaWcbaGaamiDaaqaaiaadkfaaa aakeaacaWGtbWaaSbaaSqaaiaadshaaeqaaOGaamiuamaaDaaaleaa caWG0baabaGaaiOkaaaakiabg2da9iaadgfadaqhaaWcbaGaamiDaa qaaiaadUeaaaaakeaadaWcaaqaaiabgkGi2kaadoeaaeaacqGHciIT caWGebWaaSbaaSqaaiaadshaaeqaaaaakiabg2da9iaadgfadaqhaa WcbaGaamiDaaqaaiaadkfaaaaakeaacaWGrbWaa0baaSqaaiaadsha aeaacaWGsbaaaOGaeyypa0JaeqOSdiMaamyramaaBaaaleaacaWG0b aabeaakmaabmaabaWaaeWaaeaacqaH2oGEcqGHsislcqaH8oqBaiaa wIcacaGLPaaacaWGxbWaa0baaSqaaiaadshacqGHRaWkcaaIXaaaba GaamyBaaaakiaadIhadaqhaaWcbaGaamiDaiabgUcaRiaaigdaaeaa caaIXaGaey4kaSIaeqOTdOhaaOGaam4AamaaDaaaleaacaWG0bGaey 4kaSIaaGymaaqaaiabgkHiTiabeY7aTbaakiabgUcaRiaadgfadaqh aaWcbaGaamiDaiabgUcaRiaaigdaaeaacaWGsbaaaaGccaGLOaGaay zkaaaabaGaamyuamaaDaaaleaacaWG0baabaGaam4saaaakiabg2da 9iabek7aIjaadweadaWgaaWcbaGaamiDaaqabaGcdaqadaqaaiabeY 7aTjaadEfadaqhaaWcbaGaamiDaiabgUcaRiaaigdaaeaacaWGTbaa aOGaamiEamaaDaaaleaacaWG0bGaey4kaSIaaGymaaqaaiaaigdacq GHRaWkcqaH2oGEaaGccaWGRbWaa0baaSqaaiaadshacqGHRaWkcaaI XaaabaGaeyOeI0IaeqiVd0MaeyOeI0IaaGymaaaakiabgUcaRiaadg fadaqhaaWcbaGaamiDaiabgUcaRiaaigdaaeaacaWGlbaaaOWaaeWa aeaacaaIXaGaeyOeI0IaeqiTdqgacaGLOaGaayzkaaaacaGLOaGaay zkaaaaaaaa@B264@