Abstract
A method to calculate the algebraic entropy of a mapping which can be lifted to an isomorphism of a suitable rational surfaces (the space of initial values) are presented. It is shown that the degree of the $n$th iterate of such a mapping is given by its action on the Picard group of the space of initial values. It is also shown that the degree of the $n$th iterate of every Painlev\'e equation in sakai's list is at most $O(n^2)$ and therefore its algebraic entropy is zero.
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