RBA Annual Conference – 2016 Equation (7)

Δln V = \sum_{j} {\bar{W}}_{j} Δln V_{j} = \sum_{j} ({\bar{W}}_{j} \frac{{\bar{ν}}_{j}^{K}}{{\bar{ν}}_{j}^{V}} Δln K_{j} + {\bar{w}}_{j} \frac{{\bar{ν}}_{j}^{L}}{{\bar{ν}}_{j}^{V}} Δln L_{j} + {\bar{w}}_{j} \frac{1}{{\bar{ν}}_{j}^{V}} ν_{j}^{T})