Created in 2012, the Rules for Growth Institute is an independent think tank whose ambition is to promote growth in France by improving the law through an analysis of economic efficiency.
The Rules for Growth Institute is born from the dual observation that while the rule of law is a lever for growth, the separation of law from economics in France is detrimental to the quality of the rules produced. The reforms undertaken so far to revive our economy have proved insufficient because they have been carried out without an overall analysis of the economic impact of their legal framework.
This observation has led a small group of mainly business lawyers to come together and work with young researchers in law and economics to think differently and, from an economic efficiency perspective, question the behavioural effects and incentives (or not) promoted by the law regarding wealth creation in France.
The Rules for Growth Institute has, in the course of time, succeeded in attracting some of the best economists and lawyers in the country to accompany the work of its young researchers (for example, Emmanuel Combe, Jacques Delpla, Germain Germain, Augustin Landier , Anne Perrot, Thomas Philippon, Alain Pietrancosta, Francoise Perochon, David Thesmar, Nicolas Veron).
Over time, the Rules for Growth Institute also acquired an important network in the world of law, finance and business allowing it to swiftly test the relevance of its proposals in the “real world”. In this regard, the Rules for Growth Institute welcomed Laurence Parisot and Gilles de Margerie to its management committee in late 2013 and early 2014. In addition to its network in France, the Rules for Growth Institute relies on its network abroad, within universities, to meet standards of excellence in international academic research.
The Rules for Growth Institute aims to promote the economic analysis of law, a multidisciplinary approach consisting in studying the economic effects of legal norms, in order to propose lasting and effective reforms in French law. The Rules for Growth Institute advocates large-scale conceptual reforms in many areas (insolvency law, corporate law, competition law, labour law and taxation). These areas are essential for the diffusion of innovation, a vital driver for growth today, our country being on the technological frontier after more than seventy years spent in an economic catch-up phase.
The Rules for Growth Institute puts its expertise at the service of the leading elites and economic decision makers of our country using a framework of a constant dialogue. The actions and expertise of the Rules for Growth Institute are now recognized, both by public authorities and the academic world, in France and abroad, thanks to numerous publications and interventions conducted since 2012.
A country’s legal framework is closely linked to its culture and traditions. An improvement in its effectiveness requires a significant increase in research at the national level. Past experiences have shown that in the field of law, unlike other fields such as medicine or physics, it is illusory to hope that measures, however relevant, can be imported directly from abroad. Reforms can only be rooted in internal forces.
• In 2018, the Rules for Growth Institute’s actions brought together a number of legal, economic and financial stakeholders around common themes, the highlights of which were the restructuring conference held at the Ministry of Economics and Finance in January and the Corporate Governance & Shareholder Engagement conference held at France Stratégie in April 2018.
Droit & Croissance is an association governed by the law of 1st July 1901.