RDP 9211: Dividends and Taxation: A Preliminary Investigation
Equation (4)
Y
i,t
−
Y
i,t-1
=
β
1
(
Y
i
,
t-1
−
Y
i,t-2
)
+
β
2
(
X
i
,
t
−
X
i,t
−
1
)
+
(
ε
i,t
−
ε
i,t
−
1
)
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