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

Γ N , t ( i ) = P N , t Y N , t ( i ) ( W N , t L N , t ( i ) + R N , t K K N , t ( i ) ) ψ N 2 ( P N , t ( i ) Π ¯ N P N , t 1 ( i ) 1 ) 2 P N , t Y N , t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHto WrdaWgaaWcbaGaamOtaiaacYcacaWG0baabeaakmaabmaabaGaamyA aaGaayjkaiaawMcaaiabg2da9iaadcfadaWgaaWcbaGaamOtaiaacY cacaWG0baabeaakiaadMfadaWgaaWcbaGaamOtaiaacYcacaWG0baa beaakmaabmaabaGaamyAaaGaayjkaiaawMcaaiabgkHiTmaabmaaba Gaam4vamaaBaaaleaacaWGobGaaiilaiaadshaaeqaaOGaamitamaa BaaaleaacaWGobGaaiilaiaadshaaeqaaOWaaeWaaeaacaWGPbaaca GLOaGaayzkaaGaey4kaSIaamOuamaaDaaaleaacaWGobGaaiilaiaa dshaaeaacaWGlbaaaOGaam4samaaBaaaleaacaWGobGaaiilaiaads haaeqaaOWaaeWaaeaacaWGPbaacaGLOaGaayzkaaaacaGLOaGaayzk aaaabaGaeyOeI0YaaSaaaeaacqaHipqEdaWgaaWcbaGaamOtaaqaba aakeaacaaIYaaaamaabmaabaWaaSaaaeaacaWGqbWaaSbaaSqaaiaa d6eacaGGSaGaamiDaaqabaGcdaqadaqaaiaadMgaaiaawIcacaGLPa aaaeaacuqHGoaugaqeamaaCaaaleqabaGaamOtaaaakiaadcfadaWg aaWcbaGaamOtaiaacYcacaWG0bGaeyOeI0IaaGymaaqabaGcdaqada qaaiaadMgaaiaawIcacaGLPaaaaaGaeyOeI0IaaGymaaGaayjkaiaa wMcaamaaCaaaleqabaGaaGOmaaaakiaadcfadaWgaaWcbaGaamOtai aacYcacaWG0baabeaakiaadMfadaWgaaWcbaGaamOtaiaacYcacaWG 0baabeaaaaaa@7E6A@