RDP 2005-12: Financial Constraints, the User Cost of Capital and Corporate Investment in Australia Equation (7)

Δ k i , t = ( α 1 − 1 ) Δ k i , t − 1 + ( α 2 + α 1 − 1 ) k i , t − 2 + β 0 Δ y i , t + ( β 0 + β 1 ) Δ y i , t − 1 + ( β 0 + β 1 + β 2 ) y i , t − 2 + γ 0 Δ u c i , t + ( γ 0 + γ 1 ) Δ u c i , t − 1 + ( γ 0 + γ 1 + γ 2 ) u c i , t − 2 + ∑ j = 1 T − 1 λ j d j + η i + ν i , t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHuo arcaWGRbWaaSbaaSqaaiaadMgacaGGSaGaamiDaaqabaGccqGH9aqp daqadaqaaiabeg7aHnaaBaaaleaacaaIXaaabeaaiiaakiab=jHiTi aaigdaaiaawIcacaGLPaaacqqHuoarcaWGRbWaaSbaaSqaaiaadMga caGGSaGaamiDaiab=jHiTiaaigdaaeqaaOGaey4kaSYaaeWaaeaacq aHXoqydaWgaaWcbaGaaGOmaaqabaGccqGHRaWkcqaHXoqydaWgaaWc baGaaGymaaqabaGccqWFsislcaaIXaaacaGLOaGaayzkaaGaam4Aam aaBaaaleaacaWGPbGaaiilaiaadshacqWFsislcqWFYaGmaeqaaaGc baGaey4kaSIaeqOSdi2aaSbaaSqaaiaaicdaaeqaaOGaeuiLdqKaam yEamaaBaaaleaacaWGPbGaaiilaiaadshaaeqaaOGaey4kaSYaaeWa aeaacqaHYoGydaWgaaWcbaGaaGimaaqabaGccqGHRaWkcqaHYoGyda WgaaWcbaGaaGymaaqabaaakiaawIcacaGLPaaacqqHuoarcaWG5bWa aSbaaSqaaiaadMgacaGGSaGaamiDaiab=jHiTiaaigdaaeqaaOGaey 4kaSYaaeWaaeaacqaHYoGydaWgaaWcbaGaaGimaaqabaGccqGHRaWk cqaHYoGydaWgaaWcbaGaaGymaaqabaGccqGHRaWkcqaHYoGydaWgaa WcbaGaaGOmaaqabaaakiaawIcacaGLPaaacaWG5bWaaSbaaSqaaiaa dMgacaGGSaGaamiDaiab=jHiTiaaikdaaeqaaaGcbaGaey4kaSIaeq 4SdC2aaSbaaSqaaiaaicdaaeqaaOGaeuiLdqKaamyDaiaadogadaWg aaWcbaGaamyAaiaacYcacaWG0baabeaakiabgUcaRmaabmaabaGaeq 4SdC2aaSbaaSqaaiaaicdaaeqaaOGaey4kaSIaeq4SdC2aaSbaaSqa aiaaigdaaeqaaaGccaGLOaGaayzkaaGaeuiLdqKaamyDaiaadogada WgaaWcbaGaamyAaiaacYcacaWG0bGae8NeI0IaaGymaaqabaGccqGH RaWkdaqadaqaaiabeo7aNnaaBaaaleaacaaIWaaabeaakiabgUcaRi abeo7aNnaaBaaaleaacaaIXaaabeaakiabgUcaRiabeo7aNnaaBaaa leaacaaIYaaabeaaaOGaayjkaiaawMcaaiaadwhacaWGJbWaaSbaaS qaaiaadMgacaGGSaGaamiDaiab=jHiTiaaikdaaeqaaOGaey4kaSYa aabCaeaacqaH7oaBdaWgaaWcbaGaamOAaaqabaGccaWGKbWaaSbaaS qaaiaadQgaaeqaaOGaey4kaSIaeq4TdG2aaSbaaSqaaiaadMgaaeqa aOGaey4kaSIaeqyVd42aaSbaaSqaaiaadMgacaGGSaGaamiDaaqaba aabaGaamOAaiabg2da9iaaigdaaeaacaWGubGae8NeI0IaaGymaaqd cqGHris5aaaaaa@C3C3@