INCOMELT1γt=AnalFunc(GDPPCPγ,GINIDOMγ)*INCOMELT1RIγt−1
where
INCOMELT1RIγt−1=𝐈𝐍𝐂𝐎𝐌𝐄𝐋𝐓It−1γAnalFunc(GDPPCPγγ−1,GINIDOMγt−1)