RDP 2005-12: Financial Constraints, the User Cost of Capital and Corporate Investment in Australia
Equation (4)
U
C
i
,
t
=
(
1
−
τ
t
Z
s
,
t
)
(
1
−
τ
t
)
p
t
K
p
t
G
D
P
(
r
i
,
t
C
+
δ
s
,
t
−
π
t
e
)
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