RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (109)

0 = k H , t − α H 1 − α H w H , t l H , t r H , t K MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaGimaiabg2 da9iaadUgadaWgaaWcbaGaamisaiaacYcacaWG0baabeaakiabgkHi TmaalaaabaGaeqySde2aaSbaaSqaaiaadIeaaeqaaaGcbaGaaGymai abgkHiTiabeg7aHnaaBaaaleaacaWGibaabeaaaaGcdaWcaaqaaiaa dEhadaWgaaWcbaGaamisaiaacYcacaWG0baabeaakiaadYgadaWgaa WcbaGaamisaiaacYcacaWG0baabeaaaOqaaiaadkhadaqhaaWcbaGa amisaiaacYcacaWG0baabaGaam4saaaaaaaaaa@4EFA@