RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (4)

K N , t + 1 = ( 1 δ ) K N , t + V t [ 1 ϒ ( I n , t I n , t 1 ) ] J N , t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4samaaBa aaleaacaWGobGaaiilaiaadshacqGHRaWkcaaIXaaabeaakiabg2da 9maabmaabaGaaGymaiabgkHiTiabes7aKbGaayjkaiaawMcaaiaadU eadaWgaaWcbaGaamOtaiaacYcacaWG0baabeaakiabgUcaRiaadAfa daWgaaWcbaGaamiDaaqabaGcdaWadaqaaiaaigdacqGHsislcqqHsp qOdaqadaqaamaalaaabaGaamysamaaBaaaleaacaWGUbGaaiilaiaa dshaaeqaaaGcbaGaamysamaaBaaaleaacaWGUbGaaiilaiaacshacq GHsislcaaIXaaabeaaaaaakiaawIcacaGLPaaaaiaawUfacaGLDbaa caWGkbWaaSbaaSqaaiaad6eacaGGSaGaamiDaaqabaaaaa@5AF1@