The World Bank revised minimum standard model (RMSM): concepts and issues

Doug Addison

No 231, Policy Research Working Paper Series from The World Bank

Abstract: The Revised Minimum Standard Model (RMSM) was originally created in 1973 as a means of ensuring a consistent approach to World Bank projections and thus facilitate intercountry comparisons. These objectives are met through the provision of a standard list of variables and a minimum set of economic relationships. The RMSM is a thinking and planning tool. Its primary purpose, like the original two-gap models, is to show the user what levels of investment, imports, and external borrowing will be required for a targeted real GDP growth rate. The planners choice of a real growth rate will determine what level of investment will be necessary.

Keywords: Economic Theory&Research; Environmental Economics&Policies; Financial Intermediation; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Banks&Banking Reform (search for similar items in EconPapers)
Date: 1989-05-31
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