RDP 2015-11: Unprecedented Changes in the Terms of Trade
Equation (A3)
L
t
=
[
ξ
H
L
H
,
t
1
+
ω
+
ξ
N
L
N
,
t
1
+
ω
+
ξ
X
L
X
,
t
1
+
ω
]
1
1
+
ω
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