RDP 8704: The Role and Consequences of Investment in Recent Australian Economic Growth
Equation
Max
H=
∫
0
∞
{
e
−
r
t
[
P
t
Q
t
−
W
t
L
t
−
P
k
t
I
t
]
+
λ
1
t
[
F
(
Q
t
,
L
t
,
K
t
)
]
+
λ
2
t
[
K
t
−
I
t
+
δ
K
t
]
∫
d
t
}
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