RBA Annual Conference – 2016 Equation

C i,t j = β 1 gdpp c i,t + β 2 gdpp c i,t f( gdpp c it ;γ,a )+ β 3 tren d t + ε i + e i,t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6FE9@