The World Bank revised minimum standard model (RMSM) : concepts and issues
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.
|Date of creation:||31 May 1989|
|Date of revision:|
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