RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (132)

0 = l t [ l H , t 1 + ω + l N , t 1 + ω + l X , t 1 + ω ] 1 1 + ω MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaGimaiabg2 da9iaadYgadaWgaaWcbaGaamiDaaqabaGccqGHsisldaWadaqaaiaa dYgadaqhaaWcbaGaamisaiaacYcacaWG0baabaGaaGymaiabgUcaRi abeM8a3baakiabgUcaRiaadYgadaqhaaWcbaGaamOtaiaacYcacaWG 0baabaGaaGymaiabgUcaRiabeM8a3baakiabgUcaRiaadYgadaqhaa WcbaGaamiwaiaacYcacaWG0baabaGaaGymaiabgUcaRiabeM8a3baa aOGaay5waiaaw2faamaaCaaaleqabaWaaSaaaeaacaaIXaaabaGaaG ymaiabgUcaRiabeM8a3baaaaaaaa@5809@