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RDP 2005-12: Financial Constraints, the User Cost of Capital and Corporate Investment in Australia
Equation (6)
k
i
,
t
=
α
1
k
i
,
t
−
1
+
α
2
k
i
,
t
−
2
+
β
0
y
i
,
t
+
β
1
y
i
,
t
−
1
+
β
2
y
i
,
t
−
2
+
γ
0
u
c
i
,
t
+
γ
1
u
c
i
,
t
−
1
+
γ
2
u
c
i
,
t
−
2
+
∑
j
=
1
T
−
1
λ
j
d
j
+
η
i
+
ν
i
,
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGRb WaaSbaaSqaaiaadMgacaGGSaGaamiDaaqabaGccqGH9aqpcqaHXoqy daWgaaWcbaGaaGymaaqabaGccaWGRbWaaSbaaSqaaiaadMgacaGGSa GaamiDaGGaaiab=jHiTiaaigdaaeqaaOGaey4kaSIaeqySde2aaSba aSqaaiaaikdaaeqaaOGaam4AamaaBaaaleaacaWGPbGaaiilaiaads hacqWFsislcaaIYaaabeaakiabgUcaRiabek7aInaaBaaaleaacaaI WaaabeaakiaadMhadaWgaaWcbaGaamyAaiaacYcacaWG0baabeaaki abgUcaRiabek7aInaaBaaaleaacaaIXaaabeaakiaadMhadaWgaaWc baGaamyAaiaacYcacaWG0bGae8NeI0IaaGymaaqabaGccqGHRaWkcq aHYoGydaWgaaWcbaGaaGOmaaqabaGccaWG5bWaaSbaaSqaaiaadMga caGGSaGaamiDaiab=jHiTiaaikdaaeqaaOGaey4kaSIaeq4SdC2aaS baaSqaaiaaicdaaeqaaOGaamyDaiaadogadaWgaaWcbaGaamyAaiaa cYcacaWG0baabeaakiabgUcaRiabeo7aNnaaBaaaleaacaaIXaaabe aakiaadwhacaWGJbWaaSbaaSqaaiaadMgacaGGSaGaamiDaiab=jHi TiaaigdaaeqaaOGaey4kaSIaeq4SdC2aaSbaaSqaaiaaikdaaeqaaO GaamyDaiaadogadaWgaaWcbaGaamyAaiaacYcacaWG0bGae8NeI0Ia aGOmaaqabaaakeaacqGHRaWkdaaeWbqaaiabeU7aSnaaBaaaleaaca WGQbaabeaakiaadsgadaWgaaWcbaGaamOAaaqabaGccqGHRaWkcqaH 3oaAdaWgaaWcbaGaamyAaaqabaGccqGHRaWkcqaH9oGBdaWgaaWcba GaamyAaiaacYcacaWG0baabeaaaeaacaWGQbGaeyypa0JaaGymaaqa aiaadsfacqWFsislcaaIXaaaniabggHiLdaaaaa@9681@