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RDP 2005-12: Financial Constraints, the User Cost of Capital and Corporate Investment in Australia
Equation (B1)
K
i
,
t
=
p
t
K
p
t
−
1
K
K
i
,
t
−
1
(
1
−
δ
s
,
t
)
+
I
i
,
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4samaaBa aaleaacaWGPbGaaiilaiaadshaaeqaaOGaeyypa0ZaaSaaaeaacaWG WbWaa0baaSqaaiaadshaaeaacaWGlbaaaaGcbaGaamiCamaaDaaale aacaWG0baccaGae8NeI0IaaGymaaqaaiaadUeaaaaaaOGaam4samaa BaaaleaacaWGPbGaaiilaiaadshacqWFsislcaaIXaaabeaakmaabm aabaGaaGymaiab=jHiTiabes7aKnaaBaaaleaacaWGZbGaaiilaiaa dshaaeqaaaGccaGLOaGaayzkaaGaey4kaSIaamysamaaBaaaleaaca WGPbGaaiilaiaadshaaeqaaaaa@5395@