RDP 2005-12: Financial Constraints, the User Cost of Capital and Corporate Investment in Australia
Equation (6)
k
i
,
t
=
α
1
k
i
,
t
−
1
+
α
2
k
i
,
t
−
2
+
β
0
y
i
,
t
+
β
1
y
i
,
t
−
1
+
β
2
y
i
,
t
−
2
+
γ
0
u
c
i
,
t
+
γ
1
u
c
i
,
t
−
1
+
γ
2
u
c
i
,
t
−
2
+
∑
j
=
1
T
−
1
λ
j
d
j
+
η
i
+
ν
i
,
t
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