RDP 2005-01: Long-Term Patterns in Australia's Terms of Trade
Equation (4)
v
a
r
(
t
o
t
)
=
v
a
r
(
p
t
X
−
d
t
)
+
v
a
r
(
p
t
M
−
d
t
)
−
2
c
o
v
(
p
t
X
−
d
t
,
p
t
M
−
d
t
)
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