RDP 2004-09: Co-Movement of Australian State Business Cycles
Equation (8)
[
Δ
s
t
Δ
h
t
+
2
]
=
[
δ
1
s
δ
2
s
δ
1
h
δ
2
h
]
[
D
t
85
:
4
,
94
:
4
D
t
95
:
1
,
03
:
2
]
+
[
γ
s
I
6
γ
h
Θ
]
[
Δ
x
n
t
Δ
X
t
]
+
[
μ
t
s
μ
t
h
]
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