RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (24)
Z
N
,
t
=
(
1
+
z
N
)
t
Z
˜
N
,
t
ln
(
Z
˜
N
,
t
)
=
ρ
N
ln
(
Z
˜
N
,
t
−
1
)
+
u
N
,
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaGGAb WaaSbaaSqaaiaad6eacaGGSaGaamiDaaqabaGccqGH9aqpdaqadaqa aiaaigdacqGHRaWkcaWG6bWaaSbaaSqaaiaad6eaaeqaaaGccaGLOa GaayzkaaWaaWbaaSqabeaacaWG0baaaOGabmOwayaaiaWaaSbaaSqa aiaad6eacaGGSaGaamiDaaqabaaakeaaciGGSbGaaiOBamaabmaaba GabmOwayaaiaWaaSbaaSqaaiaad6eacaGGSaGaamiDaaqabaaakiaa wIcacaGLPaaacqGH9aqpcqaHbpGCdaWgaaWcbaGaamOtaaqabaGcci GGSbGaaiOBamaabmaabaGabmOwayaaiaWaaSbaaSqaaiaad6eacaGG SaGaamiDaiabgkHiTiaaigdaaeqaaaGccaGLOaGaayzkaaGaey4kaS IaamyDamaaBaaaleaacaWGobGaaiilaiaadshaaeqaaaaaaa@5CA6@