Finance, research, education and growth

A crucial issue in the era of globalisation and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Received wisdom is that Research and Development is essential not only for maintaining productivity, but also for competing in the marketplace. Similar questions have been raised about education and its rate of 'social return; is education necessary for improving the skill of the workforce, or does it serve primarily to facilitate the adoption of these new technologies? This book brings together a case of leading international scholars to analyse the importance of education, research and human capital and the impact of financial systems on growth and development.
Contents:
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
Author Biographies:
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.
Printing of the book is limited to 10 pages per day.

Nyckelord: globalization, internationalization, investment, finance, productivity, education, research, human capital, financial systems