LUIGI PAGANETTO is Dean of the Faculty of Economics at the University of Rome and President of the Centre for International Studies on Economics Growth-CEIS Tor Vergata. EDMUND S. PHELPS is Professor of Political Economy at Columbia University, New York.

• Notes on the Contributors Preface; L.Paganetto PART I: FINANCE AND GROWTH Stock Markets Liquidity and Economic Growth: Theory and Evidence; R.Levine The Empirical Importance of Private Ownership for Economic Growth; D.Palia & E.S.Phelps Intergenerational Transfers and Growth; G.Marini & P.Scaramozzino PART II: RESEARCH AND GROWTH Human Capital, Ideas and Economic Growth; C.I.Jones A Rising Trade of Diffusion as Conduits of Growth; J.Eaton & S.Kortum The Role of Education and Knowledge in Endogenous Growth; L.Paganetto & P.L.Scandizzo Factors Behind the Asian Miracle: Entrepreneurship, Education and Finance; R.R.Nelson & H.Pack Productivity, Growth and the Business Cycle: An Analysis of the Italian Manufacturing Sector; V.Atella & B.Quintieri Technological Globalization of National Systems of Innovation?; D.Archibugi & J.Michie PART III: EDUCATION AND GROWTH Endogenizing Investment in Tangible Assets, Education, and New Technology; D.W.Jorgenson Conclusions; E.S.Phelps

LUIGI PAGANETTO is Dean of the Faculty of Economics at the University of Rome and President of the Centre for International Studies on Economics Growth-CEIS Tor Vergata. EDMUND S. PHELPS is Professor of Political Economy at Columbia University, New York.

• Notes on the Contributors Preface; L.Paganetto PART I: FINANCE AND GROWTH Stock Markets Liquidity and Economic Growth: Theory and Evidence; R.Levine The Empirical Importance of Private Ownership for Economic Growth; D.Palia & E.S.Phelps Intergenerational Transfers and Growth; G.Marini & P.Scaramozzino PART II: RESEARCH AND GROWTH Human Capital, Ideas and Economic Growth; C.I.Jones A Rising Trade of Diffusion as Conduits of Growth; J.Eaton & S.Kortum The Role of Education and Knowledge in Endogenous Growth; L.Paganetto & P.L.Scandizzo Factors Behind the Asian Miracle: Entrepreneurship, Education and Finance; R.R.Nelson & H.Pack Productivity, Growth and the Business Cycle: An Analysis of the Italian Manufacturing Sector; V.Atella & B.Quintieri Technological Globalization of National Systems of Innovation?; D.Archibugi & J.Michie PART III: EDUCATION AND GROWTH Endogenizing Investment in Tangible Assets, Education, and New Technology; D.W.Jorgenson Conclusions; E.S.Phelps

LUIGI PAGANETTO is Dean of the Faculty of Economics at the University of Rome and President of the Centre for International Studies on Economics Growth-CEIS Tor Vergata. EDMUND S. PHELPS is Professor of Political Economy at Columbia University, New York.

• Notes on the Contributors Preface; L.Paganetto PART I: FINANCE AND GROWTH Stock Markets Liquidity and Economic Growth: Theory and Evidence; R.Levine The Empirical Importance of Private Ownership for Economic Growth; D.Palia & E.S.Phelps Intergenerational Transfers and Growth; G.Marini & P.Scaramozzino PART II: RESEARCH AND GROWTH Human Capital, Ideas and Economic Growth; C.I.Jones A Rising Trade of Diffusion as Conduits of Growth; J.Eaton & S.Kortum The Role of Education and Knowledge in Endogenous Growth; L.Paganetto & P.L.Scandizzo Factors Behind the Asian Miracle: Entrepreneurship, Education and Finance; R.R.Nelson & H.Pack Productivity, Growth and the Business Cycle: An Analysis of the Italian Manufacturing Sector; V.Atella & B.Quintieri Technological Globalization of National Systems of Innovation?; D.Archibugi & J.Michie PART III: EDUCATION AND GROWTH Endogenizing Investment in Tangible Assets, Education, and New Technology; D.W.Jorgenson Conclusions; E.S.Phelps