RDP 2008-08: The Role of International Shocks in Australia’s Business Cycle Equation (12)

ϒ (θ_{j}) = \sum_{ι = 1}^{q} (ϕ_{i}^{j} - {\bar{ϕ}}_{i}) {(ϕ_{i}^{j} - {\bar{ϕ}}_{i})}^{'}