RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (87)
0
=
−
τ
t
I
+
q
X
,
t
υ
t
[
1
−
ϒ
(
j
X
,
t
z
t
(
1
+
z
I
)
j
X
,
t
−
1
)
−
ϒ
′
(
j
X
,
t
z
t
(
1
+
z
I
)
j
X
,
t
−
1
)
j
X
,
t
z
t
(
1
+
z
I
)
j
X
,
t
−
1
]
+
E
t
{
β
λ
t
+
1
q
X
,
t
+
1
υ
t
+
1
λ
t
z
t
+
1
(
1
+
z
I
)
ϒ
′
(
j
X
,
t
+
1
z
t
+
1
(
1
+
z
I
)
j
X
,
t
)
(
j
X
,
t
+
1
z
t
+
1
(
1
+
z
I
)
j
X
,
t
)
2
}
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaaIWa Gaeyypa0JaeyOeI0IaeqiXdq3aa0baaSqaaiaadshaaeaacaWGjbaa aOGaey4kaSIaamyCamaaBaaaleaacaWGybGaaiilaiaadshaaeqaaO GaeqyXdu3aaSbaaSqaaiaadshaaeqaaOWaamWaaeaacaaIXaGaeyOe I0IaeuO0de6aaeWaaeaadaWcaaqaaiaadQgadaWgaaWcbaGaamiwai aacYcacaWG0baabeaakiaadQhadaWgaaWcbaGaamiDaaqabaGcdaqa daqaaiaaigdacqGHRaWkcaWG6bWaaSbaaSqaaiaadMeaaeqaaaGcca GLOaGaayzkaaaabaGaamOAamaaBaaaleaacaWGybGaaiilaiaadsha cqGHsislcaaIXaaabeaaaaaakiaawIcacaGLPaaacqGHsislcuqHsp qOgaqbamaabmaabaWaaSaaaeaacaWGQbWaaSbaaSqaaiaadIfacaGG SaGaamiDaaqabaGccaWG6bWaaSbaaSqaaiaadshaaeqaaOWaaeWaae aacaaIXaGaey4kaSIaamOEamaaBaaaleaacaWGjbaabeaaaOGaayjk aiaawMcaaaqaaiaadQgadaWgaaWcbaGaamiwaiaacYcacaWG0bGaey OeI0IaaGymaaqabaaaaaGccaGLOaGaayzkaaWaaSaaaeaacaWGQbWa aSbaaSqaaiaadIfacaGGSaGaamiDaaqabaGccaWG6bWaaSbaaSqaai aadshaaeqaaOWaaeWaaeaacaaIXaGaey4kaSIaamOEamaaBaaaleaa caWGjbaabeaaaOGaayjkaiaawMcaaaqaaiaadQgadaWgaaWcbaGaam iwaiaacYcacaWG0bGaeyOeI0IaaGymaaqabaaaaaGccaGLBbGaayzx aaaabaGaey4kaSIaamyramaaBaaaleaacaWG0baabeaakmaacmaaba GaeqOSdi2aaSaaaeaacqaH7oaBdaWgaaWcbaGaamiDaiabgUcaRiaa igdaaeqaaOGaamyCamaaBaaaleaacaWGybGaaiilaiaadshacqGHRa WkcaaIXaaabeaakiabew8a1naaBaaaleaacaWG0bGaey4kaSIaaGym aaqabaaakeaacqaH7oaBdaWgaaWcbaGaamiDaaqabaGccaWG6bWaaS baaSqaaiaadshacqGHRaWkcaaIXaaabeaakmaabmaabaGaaGymaiab gUcaRiaadQhadaWgaaWcbaGaamysaaqabaaakiaawIcacaGLPaaaaa GafuO0deQbauaadaqadaqaamaalaaabaGaamOAamaaBaaaleaacaWG ybGaaiilaiaadshacqGHRaWkcaaIXaaabeaakiaadQhadaWgaaWcba GaamiDaiabgUcaRiaaigdaaeqaaOWaaeWaaeaacaaIXaGaey4kaSIa amOEamaaBaaaleaacaWGjbaabeaaaOGaayjkaiaawMcaaaqaaiaadQ gadaWgaaWcbaGaamiwaiaacYcacaWG0baabeaaaaaakiaawIcacaGL PaaadaqadaqaamaalaaabaGaamOAamaaBaaaleaacaWGybGaaiilai aadshacqGHRaWkcaaIXaaabeaakiaadQhadaWgaaWcbaGaamiDaiab gUcaRiaaigdaaeqaaOWaaeWaaeaacaaIXaGaey4kaSIaamOEamaaBa aaleaacaWGjbaabeaaaOGaayjkaiaawMcaaaqaaiaadQgadaWgaaWc baGaamiwaiaacYcacaWG0baabeaaaaaakiaawIcacaGLPaaadaahaa WcbeqaaiaaikdaaaaakiaawUhacaGL9baaaaaa@CBC3@