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RDP 2006-01: Modelling Manufactured Exports: Evidence from Australian States
Equation (2)
E
t
s
=
Π
j
=
1
21
[
E
R
t
j
×
P
t
/
P
t
j
]
α
s
,
t
j
Π
j
=1
21
[
E
R
t
−
B
j
×
P
t
−
B
/
P
t
−
B
j
]
α
s
,
t
j
×
E
t
−
B
j
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