POLICY ARENA: MICRO–MACRO LINKAGES: AN ECONOMIST'S PERSPECTIVE

✍ Scribed by OLIVER MORRISSEY

• Publisher: John Wiley and Sons
• Year: 1997
• Tongue: English
• Weight: 109 KB
• Volume: 9
• Category: Article
• ISSN: 0954-1748
• DOI: 10.1002/(sici)1099-1328(199707)9:5<755::aid-jid441>3.0.co;2-w

✦ Synopsis

This paper addresses three aspects of the micro±macro linkage which are of particular interest to economists. First, is the issue of how changes in the macro environment are transmitted to and impact on agents at the micro level. Second, there is the issue of how micro agents react to their environments, and how these dierent reactions in turn become an aggregate eect which in¯uences macro conditions. The relationship between poverty and growth, and the response of peasant farmers to price changes, are taken as examples to illustrate the discussion. Finally, we address the political dimension of the linkage, namely how can micro agents transmit their experiences and reactions upwards to in¯uence macro policy-makers?