RDP 8501: Neoclassical Theory and Australian Business Investment: A Reappraisal
Equation (14)
log
(
M
/
p
)
=
δ
0
λ
4
+
δ
1
λ
4
r
K
+
δ
2
λ
4
r
M
+
δ
3
λ
4
r
B
+
δ
4
λ
4
log
y
+
δ
5
λ
4
log
(
W
/
p
)
+
δ
6
λ
4
t
+
(
1
−
λ
4
)
log
(
M
/
p
)
−
1
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