IDEAS home Printed from https://ideas.repec.org/a/onb/oenbmp/y2011i4b4.html
   My bibliography  Save this article

Europe 2020 – A New Framework for New Growth

Author

Listed:
  • Maria Auböck

    (Austrian Federal Chancellery)

  • Christina Burger

    (Austrian Federal Ministry of Economy, Family and Youth)

  • Elmar Mangler

    (Austrian Federal Ministry of Finance)

Abstract

The Europe 2020 strategy, as adopted by the European Council on June 17, 2010, provides the new framework for the EU’s growth and employment policy. Under the new strategy, measures and reforms should be geared toward smart, sustainable and inclusive growth. The design of the new strategy was influenced heavily by the weaknesses of the Lisbon agenda (the predecessor to Europe 2020) and the compounded economic policy challenges arising from the crisis: The definition of quantitative targets at an early stage and transparent monitoring mechanisms will facilitate surveillance of implementation. For the first time, country- specific growth bottlenecks have been identified, in cooperation with the Member States, and these bottlenecks must be addressed with suitable measures. The strategy’s focus on enhancing employment, the knowledge base, competitiveness, energy efficiency and social inclusion have concentrated efforts on the most important supply-side growth factors. The EU’s new economic governance is designed to ensure the efficient coordination of national policies. All of these aspects will have a decisive impact on Austrian economic policy in the coming years.

Suggested Citation

  • Maria Auböck & Christina Burger & Elmar Mangler, 2011. "Europe 2020 – A New Framework for New Growth," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 74-84.
    • Handle: RePEc:onb:oenbmp:y:2011:i:4:b:4
    as

    Download full text from publisher

    File URL: https://www.oenb.at/dam/jcr:78e4aa38-663e-4781-b6fb-fc84a5ed4985/mop_2011_q4_in_focus4_tcm16-245360.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. André Sapir & Jean Pisani-Ferry, 2006. "Last exit to Lisbon," ULB Institutional Repository 2013/8106, ULB -- Universite Libre de Bruxelles.
    2. Karl Aiginger & Rahel Falk & Andreas Reinstaller, 2009. "Evaluation of Government Funding in RTDI from a Systems Perspective in Austria. Synthesis Report," WIFO Studies, WIFO, number 36402, April.
    3. Fritz Breuss, 2005. "Die Zukunft der Lissabon-Strategie," WIFO Working Papers 244, WIFO.
    4. Stefan Ederer & Jürgen Janger, 2011. "Wachstums- und Beschäftigungspolitik in Österreich unter neuen europäischen Rahmenbedingungen," WIFO Monatsberichte (monthly reports), WIFO, vol. 84(6), pages 421-433, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fritz Breuss, 2006. "Austria and Switzerland – Experiences with and without EU Membership," Austrian Economic Quarterly, WIFO, vol. 11(1), pages 13-39, February.
    2. Larch, Martin & Van den Noord, Paul & Jonung, Lars, 2010. "The stability and growth pact: lessons from the great recession," MPRA Paper 27900, University Library of Munich, Germany.
    3. Sjef Ederveen & George Gelauff & Jacques Pelkmans, 2008. "Assessing Subsidiarity," Springer Books, in: George Gelauff & Isabel Grilo & Arjan Lejour (ed.), Subsidiarity and Economic Reform in Europe, chapter 2, pages 19-40, Springer.
    4. Alecke, Björn & Breitfuss, Marija & Cremer, Wolfram & Hartmann, Christian & Lageman, Bernhard & Mitze, Timo & Peistrup, Matthias & Ploder, Michael & Rappen, Hermann & Rothgang, Michael, 2011. "Föderalismus und Forschungs- und Innovationspolitik: Bericht des Konsortiums "Föderalismus und Forschungs- und Innovationspolitik"," Studien zum deutschen Innovationssystem 11-2011, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin.
    5. repec:bla:jcmkts:v:44:y:2006:i::p:823-844 is not listed on IDEAS
    6. Sascha Sardadvar & Christian Reiner, 2017. "Does the presence of high-skilled employees increase total and high-skilled employment in the long run? Evidence from Austria," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(1), pages 59-89, February.
    7. de Bandt, O. & Vigna, O., 2008. "The macroeconomic impact of structural reforms," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 11, pages 5-32, Spring.
    8. Jürgen Janger & Agnes Kügler, 2018. "Innovationseffizienz. Österreich im internationalen Vergleich," WIFO Studies, WIFO, number 61111, April.
    9. Christine Erhel & Iain Begg & Jorgen Mortensen, 2010. "Medium term employment challenges of the Lisbon strategy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00616806, HAL.
    10. Borrás, Susana & Laatsit, Mart, 2019. "Towards system oriented innovation policy evaluation? Evidence from EU28 member states," Research Policy, Elsevier, vol. 48(1), pages 312-321.
    11. repec:bla:jcmkts:v:45:y:2007:i::p:89-106 is not listed on IDEAS
    12. Jürgen Janger & Julia Bock-Schappelwein & Thomas Horvath & Ina Meyer, 2013. "Monitoring Austria's Efforts Within the Europe 2020 Strategy," WIFO Studies, WIFO, number 46950, April.
    13. Andreas Reinstaller, 2014. "Technologiegeber Österreich. Österreichs Wettbewerbsfähigkeit in Schlüsseltechnologien und Enwicklungspotentiale als Technologiegeber," WIFO Studies, WIFO, number 47444, April.
    14. Julia Bock-Schappelwein & Jürgen Janger & Andreas Reinstaller, 2012. "Bildung 2025 – Die Rolle von Bildung in der österreichischen Wirtschaft," WIFO Studies, WIFO, number 45200, April.
    15. Jürgen Janger & Tim Slickers, 2023. "Wissensproduktion und Wissensverwertung in Österreich im internationalen Vergleich," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(10), pages 699-714, October.
    16. Alexander Cuntz, 2014. "ERAWATCH Country Reports 2012: Austria," JRC Research Reports JRC83823, Joint Research Centre.
    17. Andreas Reinstaller & Fabian Unterlass, 2008. "Forschungs- und Entwicklungsintensität im österreichischen Unternehmenssektor. Entwicklung und Struktur zwischen 1998 und 2004 im Vergleich mit anderen OECD-Ländern," WIFO Monatsberichte (monthly reports), WIFO, vol. 81(2), pages 133-147, February.
    18. Breuss, Fritz & Roeger, Werner, 2005. "The SGP fiscal rule in the case of sluggish growth: Simulations with the QUEST model," Journal of Policy Modeling, Elsevier, vol. 27(7), pages 767-788, October.
    19. Silvia Simon, 2006. "Zukunftsfähige Wirtschaftsentwicklung von Kleinstaaten. Kleinheitsbedingte Optionen und Restriktionen am Beispiel Liechtenstein," Beitraege 37, Liechtenstein-Institut.
    20. Fritz Breuss, 2006. "Teilstudie 4: Europäische Wirtschaftspolitik: Binnenmarkt, WWU, Lissabon, Erweiterung," WIFO Studies, WIFO, number 27443, April.
    21. Gunther Tichy, 2015. "Wirtschaftsstandort Österreich – von der "Überholspur" aufs "Abstellgleis"," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(8), pages 635-648, August.
    22. Będzik, Beata & Gołąb, Sylwia, 2020. "Selected Determinants of Innovation Potential in The Agricultural Sector in The Visegrad Countries," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 311266, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).

    More about this item

    Keywords

    Europe 2020; Lisbon strategy; European semester; structural reforms; financial crises;
    All these keywords.

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbmp:y:2011:i:4:b:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rita Glaser-Schwarz (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.