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RDP 8704: The Role and Consequences of Investment in Recent Australian Economic Growth
Equation
K
P
t
=
(
1
−
d
t
c
)
K
P
t
−
1
c
+
(
1
−
d
t
c
/
2
)
I
t
c
+
(
1
−
d
t
e
)
K
P
t
−
1
e
+
(
1
−
d
t
e
/
2
)
I
t
e
K
G
t
=
(
1
−
d
t
P
)
K
G
t
−
1
P
+
(
1
−
d
t
P
/
2
)
I
t
P
+
(
1
−
d
t
g
)
K
G
t
−
1
g
+
(
1
−
d
t
g
/
2
)
I
t
g
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