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Growth And Sustainability Policies for Europe

Objective

Growth And Sustainability Policies for Europe (GRASP) addresses European policy concerns associated with growth within a comprehensive yet coherent analytical framework. This framework is built on Aghion’s version of the Schumpeterian growth approach. It emphasizes quality-improving innovation in imperfectly competitive markets, but suggests optimal growth policy may depend as well on levels of technological (and financial) development, and on seemingly unrelated, yet relevant policies. The approach provides a multi-layered vision of the policy drivers of growth. The five layers address gaps in current European research on growth: R&D (the Lisbon focus); structural economic reform; legal, institutional and organizational reforms; global commitments, and the fiscal policy. The first layer focuses on economic assessments of innovation (property rights and incentive issues). The structural economic reform layer focuses on sectoral (infrastructure, education and social) and regional policies. The third layer examines the interactions between the law, institutions, and the drivers of innovation. Global commitment looks at trade policies and global environmental commitments. The fiscal layer focuses on government finance of any public good component of these layers and their effectiveness in contributing to growth. Each layer provides a multidisciplinary diagnostic of the quality of growth-related policies. Combining them allows us to construct a full “Schumpeterian growth diagnostic” to assess the effectiveness of public policies, and the adequacy and sustainability of growth in Europe. The GRASP consortium brings together theorists, applied econometricians, and institutional (law, politics and economics) researchers to pursue complementary, state-of-the-art analyses. CEPR’s unrivalled expertise in organizing pan-European research collaboration further strengthens the GRASP consortium.

Field of science

  • /social sciences/law
  • /social sciences/political science/political policy/public policy
  • /social sciences/other social sciences/social sciences interdisciplinary/sustainable development

Call for proposal

FP7-SSH-2009-A
See other projects for this call

Funding Scheme

CP-FP - Small or medium-scale focused research project
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Coordinator

THE CENTRE FOR ECONOMIC POLICY RESEARCH
Address
33 2Nd Floor 33 Great Sutton Street
EC1V 0DX London
United Kingdom
Activity type
Research Organisations
EU contribution
€ 665 600
Administrative Contact
Vivian Davies (Mr.)

Participants (5)

UNIVERSITE LIBRE DE BRUXELLES
Belgium
EU contribution
€ 558 000
Address
Avenue Franklin Roosevelt 50
1050 Bruxelles
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Philippe Vincke (Prof.)
UNIVERSITA COMMERCIALE LUIGI BOCCONI
Italy
EU contribution
€ 266 400
Address
Via Sarfatti 25
20136 Milano
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Luigi Pellegrino (Mr.)
DEUTSCHES INSTITUT FUR WIRTSCHAFTSFORSCHUNG DIW (INSTITUT FUR KONJUNKTURFORSCHUNG) EV
Germany
EU contribution
€ 336 000
Address
Mohrenstrasse 58
10117 Berlin
Activity type
Research Organisations
Administrative Contact
Meike Janssen (Ms.)
UNIVERSITETET I OSLO
Norway
EU contribution
€ 266 400
Address
Problemveien 5-7
0313 Oslo
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Johannes Elgvin (Mr.)
STICHTING KATHOLIEKE UNIVERSITEIT BRABANT
Netherlands
EU contribution
€ 266 400
Address
Warandelaan 2
5037 AB Tilburg
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Lisette Ligtenberg (Ms.)