DANIELE ARCHIBUGI Technological Director, Italian National Research Council, RomeVICENZO ATELLA Department of Economics, University of Rome 'Tor Vargata'JONATHAN EATON Department of Economics, Boston UniversitySAMUEL KORTUM Department of Economics, Boston UniversityCHARLES I. JONES Department of Economics, University of California, BerkeleyDALE W. JORGENSON Department of Economics, Harvard UniversityROSS LEVINE Carlson School of Management, University of MinnesotaGIANCARLO MARINI Department of Economics, University of Rome 'Tor Vergata'JONATHAN MICHIE Management Department, Birkbeck College, LondonRICHARD R. NELSON George Blumenthal Professor of International and Public Affairs, Business and Law, Columbia UniversityHOWARD PACK Professor of Economics, University of PennsylvaniaDARIUS PALIA Rutgers University, USAEDMUND S. PHELPS Department of Economics, Columbia University, New YorkBENIAMINO QUINTIERI Department of Economics, University of Rome 'Tor Vergata'PASQUALE LUCIO SCANDIZZO Department of Economics, University of Rome 'Tor Vergata'PASQUALE SCARAMOZZINO School of Oriental and African Studies, University of London

• 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

DANIELE ARCHIBUGI Technological Director, Italian National Research Council, RomeVICENZO ATELLA Department of Economics, University of Rome 'Tor Vargata'JONATHAN EATON Department of Economics, Boston UniversitySAMUEL KORTUM Department of Economics, Boston UniversityCHARLES I. JONES Department of Economics, University of California, BerkeleyDALE W. JORGENSON Department of Economics, Harvard UniversityROSS LEVINE Carlson School of Management, University of MinnesotaGIANCARLO MARINI Department of Economics, University of Rome 'Tor Vergata'JONATHAN MICHIE Management Department, Birkbeck College, LondonRICHARD R. NELSON George Blumenthal Professor of International and Public Affairs, Business and Law, Columbia UniversityHOWARD PACK Professor of Economics, University of PennsylvaniaDARIUS PALIA Rutgers University, USAEDMUND S. PHELPS Department of Economics, Columbia University, New YorkBENIAMINO QUINTIERI Department of Economics, University of Rome 'Tor Vergata'PASQUALE LUCIO SCANDIZZO Department of Economics, University of Rome 'Tor Vergata'PASQUALE SCARAMOZZINO School of Oriental and African Studies, University of London

• 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

DANIELE ARCHIBUGI Technological Director, Italian National Research Council, RomeVICENZO ATELLA Department of Economics, University of Rome 'Tor Vargata'JONATHAN EATON Department of Economics, Boston UniversitySAMUEL KORTUM Department of Economics, Boston UniversityCHARLES I. JONES Department of Economics, University of California, BerkeleyDALE W. JORGENSON Department of Economics, Harvard UniversityROSS LEVINE Carlson School of Management, University of MinnesotaGIANCARLO MARINI Department of Economics, University of Rome 'Tor Vergata'JONATHAN MICHIE Management Department, Birkbeck College, LondonRICHARD R. NELSON George Blumenthal Professor of International and Public Affairs, Business and Law, Columbia UniversityHOWARD PACK Professor of Economics, University of PennsylvaniaDARIUS PALIA Rutgers University, USAEDMUND S. PHELPS Department of Economics, Columbia University, New YorkBENIAMINO QUINTIERI Department of Economics, University of Rome 'Tor Vergata'PASQUALE LUCIO SCANDIZZO Department of Economics, University of Rome 'Tor Vergata'PASQUALE SCARAMOZZINO School of Oriental and African Studies, University of London

• 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