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...

Does aid contribute to human development other than by increasing growth? In doing so, is aid more or less effective in poorer countries (those with low levels of aggregate welfare)? This paper addresses these issues, assessing if there is cross-country aggregate evidence for an effect of aid on...

The principal objective of international development policy as implied by the title of the 1997 White Paper on International Development: Eliminating World Poverty, is to improve the quality of life of the majority of people in developing countries. This objective implies that aid should be...

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For sub-Saharan African countries with few evident opportunities to diversify export earnings away from primary commodities, tourism has emerged as an option to contribute to economic growth. This study uses input-output analysis to estimate the economic impact of tourism and assesses its...