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Towards what Horizon is EU headed by 2020? An overview of the new EU financial program

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  • Maria Mirona Murea

    (Academy of Economic Studies, Bucharest, Department of International Business Economics)

Abstract

Horizon 2020, is a legislative package that succeeds the current FP7, with a proposed budget of EURO 70.9 billion and it has been seen as a response measure to the economic and financial crisis, by creatig the possibilities to invest in future jobs and growth, while addressing EU citizens about their safety, livelihoods and environment. Reliying on a three pillar structure, the funding model focuses on providing the participants similar funding rates according to the undertaken activities, while taking into consideration stakeholders’ preferences for reimbursement. Horizon 2020 is open to any project that is based on competitive initiatives; however, each country’s experience and economic development will influence its’ participation to the “Horizon 2020” funding program.

Suggested Citation

  • Maria Mirona Murea, 2013. "Towards what Horizon is EU headed by 2020? An overview of the new EU financial program," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 16(50), pages 157-176, December.
    • Handle: RePEc:rej:journl:v:16:y:2013:i:50:p:157-176
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    More about this item

    Keywords

    Framework Programme 7; R&D; Innovation; participation rules; beneficiaries;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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