RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation
max
P
¯
i
t
0
n
E
t
0
∑
t
=
t
0
∞
(
ϕ
n
β
)
t
−
t
0
P
t
0
c
Θ
t
P
t
c
Θ
t
0
(
P
¯
i
t
0
n
−
(
1
−
τ
n
)
M
C
i
t
n
)
(
P
¯
i
t
0
n
P
t
n
)
−
θ
n
Y
t
d
,
n
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaCbeaeaaci GGTbGaaiyyaiaacIhaaSqaaiqadcfagaqeamaaDaaameaacaWGPbGa amiDamaaBaaabaGaaGimaaqabaaabaGaamOBaaaaaSqabaGccaWGfb WaaSbaaSqaaiaadshadaWgaaadbaGaaGimaaqabaaaleqaaOWaaabC aeaadaqadaqaaiabew9aMnaaBaaaleaacaWGUbaabeaakiabek7aIb GaayjkaiaawMcaamaaCaaaleqabaGaamiDaiabgkHiTiaadshadaWg aaadbaGaaGimaaqabaaaaaWcbaGaamiDaiabg2da9iaadshadaWgaa adbaGaaGimaaqabaaaleaacqGHEisPa0GaeyyeIuoakmaalaaabaGa amiuamaaDaaaleaacaWG0bWaaSbaaWqaaiaaicdaaeqaaaWcbaGaam 4yaaaakiabfI5arnaaBaaaleaacaWG0baabeaaaOqaaiaadcfadaqh aaWcbaGaamiDaaqaaiaadogaaaGccqqHyoqudaWgaaWcbaGaamiDam aaBaaameaacaaIWaaabeaaaSqabaaaaOWaaeWaaeaaceWGqbGbaeba daqhaaWcbaGaamyAaiaadshadaWgaaadbaGaaGimaaqabaaaleaaca WGUbaaaOGaeyOeI0YaaeWaaeaacaaIXaGaeyOeI0IaeqiXdq3aaSba aSqaaiaad6gaaeqaaaGccaGLOaGaayzkaaGaamytaiaadoeadaqhaa WcbaGaamyAaiaadshaaeaacaWGUbaaaaGccaGLOaGaayzkaaWaaeWa aeaadaWcaaqaaiqadcfagaqeamaaDaaaleaacaWGPbGaamiDamaaBa aameaacaaIWaaabeaaaSqaaiaad6gaaaaakeaacaWGqbWaa0baaSqa aiaadshaaeaacaWGUbaaaaaaaOGaayjkaiaawMcaamaaCaaaleqaba GaeyOeI0IaeqiUde3aaSbaaWqaaiaad6gaaeqaaaaakiaadMfadaqh aaWcbaGaamiDaaqaaiaadsgacaGGSaGaamOBaaaaaaa@83DD@