RBA Annual Conference – 2015 Equation (5b)

j i t + n ¯ j i t = β p N i t + β c C i t + ε i t . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaa0aaaeaaca WGQbWaaSbaaSqaaiaadMgacaWG0bGaey4kaSIaamOBaaqabaaaaOGa eyOeI0IaamOAamaaBaaaleaacaWGPbGaamiDaaqabaGccqGH9aqpcq aHYoGydaWgaaWcbaGaamiCaaqabaGccaWGobWaaSbaaSqaaiaadMga caWG0baabeaakiabgUcaRiabek7aInaaBaaaleaacaWGJbaabeaaki aadoeadaWgaaWcbaGaamyAaiaadshaaeqaaOGaey4kaSIaeqyTdu2a aSbaaSqaaiaadMgacaWG0baabeaakiaac6caaaa@5181@