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Growth And Sustainability Policies for Europe

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.
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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)

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UNIVERSITE LIBRE DE BRUXELLES

Belgium

EU Contribution

€ 558 000

UNIVERSITA COMMERCIALE LUIGI BOCCONI

Italy

EU Contribution

€ 266 400

DEUTSCHES INSTITUT FUR WIRTSCHAFTSFORSCHUNG DIW (INSTITUT FUR KONJUNKTURFORSCHUNG) EV

Germany

EU Contribution

€ 336 000

UNIVERSITETET I OSLO

Norway

EU Contribution

€ 266 400

STICHTING KATHOLIEKE UNIVERSITEIT BRABANT

Netherlands

EU Contribution

€ 266 400

Project information

Grant agreement ID: 244725

Status

Closed project

  • Start date

    1 November 2009

  • End date

    31 October 2013

Funded under:

FP7-SSH

  • Overall budget:

    € 3 035 200

  • EU contribution

    € 2 358 800

Coordinated by:

THE CENTRE FOR ECONOMIC POLICY RESEARCH

United Kingdom