From micro to macro: public policies and aggregate economic performance

Timothy Besley

Fiscal Studies, 2001, vol. 22, issue 3, 357-374

Abstract: This paper provides an overview of the link between policy and economic growth. It stresses that while growth, as measured and discussed, is a macroeconomic phenomenon, the best available evidence of policy effectiveness is typically from studies using micro data. It also reiterates the message that divergence between private and social returns is a key part of the evidence needed to discuss what kinds of policy intervention are desirable.

Keywords: economic growth; microeconomic policy (search for similar items in EconPapers)
JEL-codes: D90 H30 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (6)

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