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8 Y/ C A B C A B,, ( E Y = F,, ( 0 E Y = F Y C Y B Y A K F Y 0 p r F, ( 0 F, ( 0 Y d Y d d dy =

9 Y = f (, E,,,..., Y E = α α ( E 0 α α 4 α α β E ( 6 ( E α 4 α 6 ( α 8 E ( E

10 YE ( ( ( ( ( ( ( ( ( ( ( ( E E E E E δ δ δ δ δ δ δ ( ( E py we β α =

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16 Aschauer, David Alan.989. "Is Public Expenditure Productive?" Journal of Monetary Economics Vol. pp.-00. Canning, David.998. "A Database of World Infrastructure Stocks, 90-99" World Bank Economic Review pp "Infrastructure's Contribution to Aggregate Output", Policy Research Working Papers, No.46, World Bank. Canning, David and Peter Pedroni.999. "Infrastructure and Long Run Economic Growth" Consulting Assistance on Economic Reform Discussion Paper No., Harvard Institute for International Development. Devarajan, Shantayanan, Vinaya Swaroop and Heng-fu Zou.996. "The Composition of Public Expenditure and Economic Growth" Journal of Monetary Economics pp.-44. Dollar, David and Aart Kraay.000. "Growth is Good for the Poor" March 000 Working Paper by the World Bank's Development Research Group. Easterly, William and Sergio Rebelo.99. "Fiscal Policy and Economic Growth" Journal of Monetary Economics pp Kocherlakota, Narayama R. and Kei-Mu 9

17 Yi.996. "Simple Time Series Test of Endogenous VS. Exogenous Growth Models: an Application to the United States" Review of Economics and Statistics Vol.8 No. pp.6-4. Ratner, J.B. 98. "Government Capital and the Production Function for U.S. Private Output" Economic Letters pp.-. Shah, Anwar.99. "Dynamics of Public Infrastructure, Industrial Productivity and Profitability" Review of Economics and Statistics 4pp.8-6. Summers, R. and A. Heston.99. "The Penn World TableMark : An Expanded Set of International Comparisons, " Quarterly Journal of Economics 06 pp.-6. World Bank.994. "World Development Report, Infrastructure for Development" Washington D.C. 0

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