RDP 8907: Tax Policy and Housing Investment in Australia
Equation
m
K
=
(
δ
Ø
+
1
)
(
1
−
d
)
/
p
H
(
1
−
c
)
m
K
=
(
1
−
u
)
(
β
YN
)
2
α
/
{
(
1
−
c
)
AK
1
+
α
L
1
−
α
)
(
δ
−
π
+
(
i
−
π
c
)
(
1
−
c
)
−
1
}
m
L
=
(
1
−
u
)
(
β
YN
)
2
(
1
−
α
)
/
{
(
1
−
c
)
AK
α
L
2
−
α
)
(
δ
−
π
+
(
i
−
π
c
)
(
1
−
c
)
−
1
}
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