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Policy Arena: Micro-Macro Linkages: An Economist'S Perspective

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  • OLIVER MORRISSEY

    (CREDIT and Department of Economics, University of Nottingham, UK)

Abstract

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 different reactions in turn become an aggregate effect which influences 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 influence macro policy-makers? © 1997 John Wiley & Sons, Ltd.

Suggested Citation

  • Oliver Morrissey, 1997. "Policy Arena: Micro-Macro Linkages: An Economist'S Perspective," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(5), pages 755-760.
    • Handle: RePEc:wly:jintdv:v:9:y:1997:i:5:p:755-760
    DOI: 10.1002/(SICI)1099-1328(199707)9:5<755::AID-JID441>3.0.CO;2-W
    as

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