RDP 9506: The Liberalisation and Integration of Domestic Financial Markets in Western Pacific Economies Equation (A3.2)

Δ i t =μ β 1 ( i t1 β m t1 )+ θ 0 Δ m t + θ 1 Δ m t1 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacciGae8hLdq KaamyAamaaBaaaleaacaWG0baabeaakiabg2da9iabeY7aTjabgkHi Tiabek7aInaaBaaaleaacaWGXaaabeaakmaabmaabaGaamyAamaaBa aaleaacaWG0bGaeyOeI0IaamymaaqabaGccqGHsislcqaHYoGycaWG TbWaaSbaaSqaaiaadshacqGHsislcaWGXaaabeaaaOGaayjkaiaawM caaiabgUcaRiabeI7aXnaaBaaaleaacaWGWaaabeaakiab=r5aejaa d2gadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaH4oqCdaWgaaWcba GaamymaaqabaGccqWFuoarieGacaGFTbWaaSbaaSqaaiaadshacqGH sislcaWGXaaabeaaaaa@5AF8@