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RDP 9403: Capital Constraints and Employment
Equation (4)
M
i
n
a
0
,
a
1
,
a
2
∑
t
{
c
⋅
H
t
⋅
∑
τ
=
t
−
l
t
−
1
[
a
0
+
a
1
(
τ
−
t
0
)
+
a
2
(
t
−
τ
)
]
J
τ
−
X
t
}
s
.
t
.
a
(
t
,
τ
)
≥
0
,
∀
t
,
τ
Y
t
≥
X
t
,
∀
t
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