In September 2020, BSI Economics was asked by the Finance Committee of the French National Assembly to submit proposals for measures to offset the economic stimulus plan in France. As an independent think tank focusing on economics and finance, BSI Economics submitted several reports between September 17 and 29, 2020, with 24 concrete proposals for specific conditions to be included in the recovery plan. These recommendations for countermeasures include elements relating to the energy and ecological transition, value sharing, governance, and the real estate and urban planning market.
The authors of these proposals are expressing their personal views. The opinions presented in this document do not in any way reflect the views of their employer. The economists who are members of the BSI Economics think tank and authors of this report are:
-
Anne-Sophie Alsif, BSI Economics.
-
Pierre-Michel Becquet, BSI Economics.
-
Julien Brault, BSI Economics.
-
Simon Cardoen, BSI Economics.
-
Romaric Chalendard, BSI Economics.
-
Marine Coinon, Executive Director, BSI Economics.
-
Victor Lequillerier, President, BSI Economics.
-
Etienne de l’Estoile, BSI Economics.
-
Jérôme Mathis, BSI Economics.
Coordinated by: Arthur Jurus, Secretary General, BSI Economics.
PROPOSALS RELATING TO THE IMPLEMENTATION OF COUNTERMEASURES TO THE FRENCH RECOVERY PLAN
PROPOSALS RELATING TO THE CREATION OF COUNTERCYCLICALPROFESSIONAL FUNDS
PROPOSALS RELATING TO THE REALLOCATION OF STATE-GUARANTEED LOANS FOR THE ENERGY TRANSITION OF BUSINESSES
PROPOSALS FOR STRENGTHENING THE COMPANY-EMPLOYEE PACT THROUGH PROFIT-SHARING AND EMPLOYEE SHAREHOLDERSHIP
List of 24 proposals from BSI Economics (detailed and available in the first PDF document above, with two of them supplemented by three more specific PDF documents requested by members of parliament):
1. COUNTERPARTIES RELATING TO THE ENERGY AND ECOLOGICAL TRANSITION
1.1 Reallocation of state-guaranteed loans (PGE) for the energy transition of businesses
1.2 Initiating an ecological shift among producers through the creation of nudges
1.3 Empowering all economic agents to reduce and recycle waste
1.4 Accelerating the greening and adaptation of the agricultural landscape
1.5 Have coastal clean-up initiatives financed by corporate sponsors
1.6 Finance the installation of plastic filter dams in waterways
1.7 Engage fishing companies in the fight against « ghost nets »
2. COUNTERPARTIES RELATED TO THE SHARING OF ADDED VALUE
2.1 Set up countercyclical professional funds for sectoral stability
2.2 Incentive mechanism for accelerated repayment of state-guaranteed loans under certain conditions
2.3 Offering incentives for the recapitalization of SMEs
2.4 Dividend distribution conditional on employment policy
2.5 Reduction of interest rates conditional on employment policy
2.6 Strengthening the link between labor and capital remuneration
2.7 Finance investment in innovation and training
2.8 Encourage the relocation of high value-added activities
2.9 State label for continuing education and the digitization of businesses
3. COUNTERPARTS RELATED TO GOVERNANCE
3.1 Mission-driven companies, corporate commitment
3.2 Employee directors
3.3 Employee savings, profit-sharing, participation, and employee share ownership
4. COUNTERPARTIES RELATED TO THE REAL ESTATE MARKET AND URBAN PLANNING
4.1 Encouraging the use of green Power Purchase Agreements (PPAs)
4.2 Incentives to accelerate the energy transition of the large tertiary sector as provided for in the « tertiary decree »
4.3 Introducing energy efficiency requirements for SMEs and micro-enterprises benefiting from the recovery plan
4.4 Enabling urban commons to access real estate
4.5 Setting up land trusts to convert vacant offices into housing
