From micro to macro: public policies and aggregate economic performance
AbstractThis 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.
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Bibliographic InfoArticle provided by Institute for Fiscal Studies in its journal Fiscal Studies.
Volume (Year): 22 (2001)
Issue (Month): 3 (September)
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Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE
Find related papers by JEL classification:
- D90 - Microeconomics - - Intertemporal Choice - - - General
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
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