RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation
ln
Y
t
*
/
Y
*
R
t
/
R
=
ϑ
ln
Y
t
−
1
*
/
Y
*
R
t
−
1
/
R
−
Δ
ln
R
t
+
ε
t
*
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