Research Discussion Paper – 1974
Equation (A.48)
W
E
•
=
a
1
XL
t
−
1
+
a
2
β
WA
*
+
(
a
3
−
a
2
(
1
−
β
)
β
)
(
P
W
•
.
ER
)
e
+
(
a
4
−
a
2
β
)
Q
e
•
+
a
5
t
P
e
•
+
a
6
t
Y
e
•
+
a
7
t
I
e
•
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