Project description
Recommendations for returning to growth
The European Union is facing a productivity slowdown which is hampering its capacity to achieve inclusive growth, while coping with the tall societal challenges of climate change. The EU-funded GROWINPRO project aims to solve this empasse and puts the European Union back to a sustainable and inclusive growth path lead by innovation. Specifically, the project will explore the causes of the productivity slowdown and propose an integrated policy package able to sustain an inclusive and welfare enhancing process of growth, resilient to climate change and population ageing. The project will develop policy recommendations based on micro, meso and macro analyses. In the end, it will propose a policy toolkit to tackle the low-growth trap, also taking into consideration the COVID-19 pandemic.
Objective
Well before the Great Recession, the strikingly successful socio-economic regime of growth of the three decades after WWII came to an end as the smooth matching among technological innovation, productivity growth, income distribution and aggregate demand increasingly broke down. However, a new virtuous regime is hardly emerging and growth of income and productivity remains sluggish especially in Europe. The project is meant to investigate the causes of the slowdown and to propose an integrated policy package able to sustain an inclusive and welfare-enhancing process of growth resilient to climate change and population aging. In some respects, the proposal represents the deepening of the ‘diagnostic exercise’ we have undertaken in a very successful H2020 project: ISIGrowth http://www.isigrowth.eu/(opens in new window). In many others it extends the scope of the investigation, fully addressing the whole thread of the interaction among innovation, productivity, and growth in a world possibly undergoing a' IV Industrial Revolution', wherein globalization exacerbated the diverging patterns of value distribution among countries and social groups. Together, it will thoroughly study the effects of monetary, fiscal and mission-oriented policies in stimulating productivity and output growth. The team comprises leading international scholars ranging from economics of innovation, industrial dynamics, econometrics, agent-based macroeconomics, and public governance. Crucially a group of National Statistical Offices will join the research, also developing new data and measurements. The policy recommendations will be grounded on solid micro-, meso- and macro analyses, always accounting for the feedbacks between Schumpeterian (supply side) dynamics and Keynesian (demand side) ones. The relevance and adequacy of the proposed policies will be continuously challenged by the interaction with a whole set of stakeholders belonging to European Institutions, civil society, and business.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- social sciences economics and business economics econometrics
- social sciences economics and business economics macroeconomics
- social sciences economics and business economics production economics productivity
- social sciences political sciences political policies civil society
- social sciences other social sciences development studies development theories global development studies globalization
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.6. - SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies
MAIN PROGRAMME
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H2020-EU.3.6.1.1. - The mechanisms to promote smart, sustainable and inclusive growth
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
RIA - Research and Innovation action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SC6-TRANSFORMATIONS-2018-2019-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
56127 Pisa
Italy
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.