Completed Project
The main purpose of GRASP is to address policy concerns associated with growth in an integrated analytical framework. This framework is built on the Schumpeterian growth approach developed by Philippe Aghion. It emphasizes quality-improving innovation in imperfectly competitive markets and suggests that optimal growth policy may depend on levels of technological (and financial) development and on seemingly unrelated yet relevant policies. The policies correspond to a multi-layered vision of policy drivers of growth. GRASP uncovers five layers that deal with gaps in current European research: Research and development, Structural economic reform: Legal, Institutional and organizational reforms, Fiscal. The ID department will be responsible for subcomponent research and development and structural economic reform.
Website
http://grasp.cepr.org/