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RDP 2004-09: Co-Movement of Australian State Business Cycles
Equation (1)
I
j
,
k
=
T
−
1
∑
t
=
1
T
{
S
j
t
S
k
t
−
(
1
−
S
j
t
)
(
1
−
S
k
t
)
}
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