RDP 8501: Neoclassical Theory and Australian Business Investment: A Reappraisal
Equation (12)
log
w
K
=
β
0
λ
2
+
β
1
λ
2
log
p
I
+
β
2
λ
2
log
p
C
+
β
3
λ
2
log
x
K
+
β
4
λ
2
log
x
N
+
β
5
λ
2
t
+
(
1
−
λ
2
)
log
w
K
(
−
1
)
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