RBA Annual Conference – 2015
Equation (4)
E
N
T
R
Y
i
p
s
t
=
β
ln
(
H
P
p
t
)
+
δ
X
p
t
+
(
α
i
+
μ
p
+
π
s
+
θ
t
+
ε
i
p
s
t
)
︸
ϑ
i
p
s
t
.
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