World Bank revised minimum standard model
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World Bank revised minimum standard model concepts and issues by Doug Addison

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Published by Country Economics Dept., The World Bank in [Washington, D.C.] (1818 H St. NW, Washington 20433) .
Written in English

Subjects:

  • Investments -- Mathematical models.,
  • Imports -- Mathematical models.,
  • Loans, Foreign -- Mathematical models.,
  • Balance of payments -- Mathematical models.,
  • Economic development -- Mathematical models.

Book details:

Edition Notes

StatementDoug Addison.
SeriesPolicy, planning, and research working papers ;, WPS 231
Classifications
LC ClassificationsHG4515.2 .A23 1989
The Physical Object
Pagination29 p. :
Number of Pages29
ID Numbers
Open LibraryOL1792124M
LC Control Number89189810

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I - The Revised Minimum Standard Model Extended (RMSM-X) - Thilak Ranaweera, Jos Verbeek ©Encyclopedia of Life Support Systems (EOLSS) Summary The World Bank has used macroeconomic models to forecast the development path of developing countries. During the s and s, the Revised Minimum Standard Model (RMSM) was used for this purpose. The World Bank Revised Minimum Standard Model: Concepts and limitations. The World Bank revised minimum standard model (RMSM): concepts and issues (Inglês) Resumo. The Revised Minimum Standard Model (RMSM) was originally created in as a means of ensuring a consistent approach to World Bank projections and thus facilitate intercountry by: 3. The Revised Minimum Standard Model (RMSM) was originally created in as a means of ensuring a consistent approach to World Bank projections and thus facilitate intercountry comparisons.

A RMSM-X (Revised Minimum Standard Model) for Chile (Inglês) Resumo. The RMSM-X model for Chile is one of a sequence of models that also includes, in increasing order of complexity, the RMSM-XX and MACOR models. The three models share the same budget accounts for an economy disaggregated into several sectors - such as Cited by: 1. The World Bank revised minimum standard model (RMSM): concepts and issues. Doug Addison. No , Policy Research Working Paper Series from The World Bank Abstract: The Revised Minimum Standard Model (RMSM) was originally created in as a means of ensuring a consistent approach to World Bank projections and thus facilitate intercountry comparisons.. These objectives are met . The World Bank revised minimum standard model (RMSM): concepts and issues (Английский) Аннотация. The Revised Minimum Standard Model (RMSM) was originally created in as a means of ensuring a consistent approach to World Bank projections and .   The World Bank May WPS The World Bank Revised Minimum Standard Model Concepts and Issues Doug Addison The Revised Minimum Standard Model was originally created in to ensure a consistent approach to World Bank projec-tions. Its primary purpose, like the original two-gap models, is to show the user what levels of investment, imports.

The models are used by country economists within the World Bank's Macroeconomics, Trade and Investment Global Practice to (i) generate country forecasts and (ii) simulate various policies. Each model has a similar structure and functional form, with variation reflecting data availability and economic specialization (notably for oil exporters. The Revised Minimum Standard Model (RMSM) became an important analytical tool for the World Bank’s financing projects in the s. Since that time, the model and its sequential extensions (the RMSM-X and the RMSM-XX) have been used to forecast economic growth and development in developing countries, despite their numerous limitations. The World Bank policies are based on the Revised Minimum Standard Model that can be traced back to the Harrod-Domar model of the s. A serious shortcoming of the model is that foreign exchange flows are assumed to be fully and automatically used in a productive manner in the recipient country. constraint also allows savings to be calculated as residual in Model 1 and 2 (see Section 3 for details). Section 4 summarizes the drivers of per-capita GDP growth in one equation (and compares to the ICOR). 1 Model 1: Growth given investment The production function I assume a standard production function where Y tis GDP, A.