RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D1)
U
t
0
=
E
t
0
∑
t
=
t
0
∞
β
t
−
t
0
(
(
C
t
V
t
)
1
−
ξ
c
1
−
ξ
c
+
ς
(
H
t
n
1
γ
h
+
H
t
r
1
γ
h
)
ξ
h
γ
h
)
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