RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D60)
P
¯
t
o
P
t
c
=
(
1
−
τ
o
)
(
θ
o
θ
o
−
1
)
V
t
o
/
(
P
t
c
)
θ
o
U
t
o
/
(
P
t
c
)
θ
o
−
1
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