Bulletin – September 2016 Equation (1)

In( C it )= β ICF j In( Y it ICF )+ β OCF j In( Y it OCF )+ γ j CONTROL S it + θ i + ε it j MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6ED5@