RDP 9610: Share Prices and Investment Equation (12)

ER t = constant+ωq t-1 F +σq t-1 S Z t-i t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyraiaabk fadaWgaaWcbaGaamiDaaqabaGccqGH9aqpcaqGJbGaae4Baiaab6ga caqGZbGaaeiDaiaabggacaqGUbGaaeiDaiaabUcacaqGjpGaaeyCam aaDaaaleaacaqG0bGaaeylaiaabgdaaeaacaqGgbaaaOGaae4kaiaa bo8acaqGXbWaa0baaSqaaiaabshacaqGTaGaaeymaaqaaiaabAeaaa GccaqGRaGaaeOXdiaahQhadaWgaaWcbaGaaeiDaiaab2cacaqGPbaa beaakiaabUcacaqG1oWaaSbaaSqaaiaabshaaeqaaaaa@56AE@