RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D36)
S
t
P
t
c
P
t
*
=
Q
t
k
(
1
−
Ξ
(
I
t
/
R
t
I
t
−
1
/
R
t
−
1
R
t
R
t
−
1
)
−
Ξ
′
(
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t
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R
t
I
t
−
1
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R
t
−
1
R
t
R
t
−
1
)
I
t
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R
t
I
t
−
1
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t
−
1
R
t
R
t
−
1
)
+
β
E
t
(
M
˜
t
,
t
+
1
Q
t
+
1
k
P
t
+
1
c
Ξ
′
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t
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1
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R
t
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1
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R
t
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1
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(
I
t
+
1
/
R
t
+
1
I
t
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R
t
R
t
+
1
R
t
)
2
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@BC7B@