Growth and Sustainability Policies for Europe (GRASP)

Completed Project

Department

Firms and Markets

Project Period

November 1, 2009 - October 31, 2013

Commissioned by

EU Commission, Seventh Framework Programme (FP7)

In Cooperation With

Centre for Economic Policy Research (CEPR), United Kingdom (Coordinator)
Université Libre de Bruxelles (ULB), Belgium
Università Bocconi, Italy
University of Oslo (UiO), Norway
Tilburg University, Netherlands

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/

DIW Team