Research Discussion Paper – 1974
Equation (28)
P
•
=
β
b
1
X
N
t
−
1
+
β
b
2
W
E
e
•
+
(
1
−
β
+
β
b
3
)
(
P
W
:
E
R
)
e
+
β
b
4
Q
e
•
+
β
b
5
t
P
e
•
+
β
b
6
t
Y
e
•
+
β
b
7
t
I
e
•
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