RDP 9610: Share Prices and Investment Equation (8)

Δ S t = constant t + Σ g=1 4 υ g Δ S t−g + Σ i=0 4 ρ i R t−i + Σ j=0 4 θ j Δ P t−j + Σ n=0 4 ∂ n ΔOI L t−n + Σ m=1 4 σ m Δ Y t−m +γ S t−1 +β Y t−1 +η P t−1 + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHuo arcaWGtbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0Jaae4yaiaab+ga caqGUbGaae4CaiaabshacaqGHbGaaeOBaiaabshadaWgaaWcbaGaae iDaaqabaGccqGHRaWkdaaeWbqaaeXatLxBI9gBGqvANvMCGueEWvMC 0bacfaGae8xXdu3aaSbaaSqaaiaadEgaaeqaaaqaaiaadEgacqGH9a qpcaaIXaaabaGaaGinaaqdcqGHris5aOGaeuiLdqKaam4uamaaBaaa leaacaWG0bGaeyOeI0Iaam4zaaqabaGccqGHRaWkdaaeWbqaaiabeg 8aYnaaBaaaleaacaWGPbaabeaakiaadkfadaWgaaWcbaGaamiDaiab gkHiTiaadMgaaeqaaOGaey4kaSYaaabCaeaacqaH4oqCdaWgaaWcba GaamOAaaqabaGccqqHuoarcaWGqbWaaSbaaSqaaiaadshacqGHsisl caWGQbaabeaaaeaacaWGQbGaeyypa0JaaGimaaqaaiaaisdaa0Gaey yeIuoaaSqaaiaadMgacqGH9aqpcaaIWaaabaGaaGinaaqdcqGHris5 aOGaey4kaSYaaabCaeaacqGHciITdaWgaaWcbaGaamOBaaqabaaaba GaamOBaiabg2da9iaaicdaaeaacaaI0aaaniabggHiLdGccqqHuoar caWGpbGaamysaiaadYeadaWgaaWcbaGaamiDaiabgkHiTiaad6gaae qaaaGcbaGaey4kaSYaaabCaeaacqaHdpWCdaWgaaWcbaGaamyBaaqa baaabaGaamyBaiabg2da9iaaigdaaeaacaaI0aaaniabggHiLdGccq qHuoarcaWGzbWaaSbaaSqaaiaadshacqGHsislcaWGTbaabeaakiab gUcaRiabeo7aNjaadofadaWgaaWcbaGaamiDaiabgkHiTiaaigdaae qaaOGaey4kaSIaeqOSdiMaamywamaaBaaaleaacaWG0bGaeyOeI0Ia aGymaaqabaGccqGHRaWkcqaH3oaAcaWGqbWaaSbaaSqaaiaadshacq GHsislcaaIXaaabeaakiabgUcaRiabew7aLnaaBaaaleaacaWG0baa beaaaaaa@AA33@