Bulletin – December 2016
Equation (A1)
Δln
(
Y
i
,
t
)
=
∑
q
=
1
5
α
q
D
i
,
t
−
1
q
+
∑
q
=
1
5
β
q
D
i
,
t
−
1
q
Δln
(
G
D
P
t
)
+
δ
′
C
O
N
T
R
O
L
S
i
,
t
−
1
+
ε
i
,
t
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