The RMSM-X+P: A Minimal Poverty Module for the RMSM-X

The authors present a new tool, the RMSM-X+P, which essentially consists of a RMSM-X model with an additional module for poverty and social indicators. This linkage facilitates the analysis of the impact of various macroeconomic shocks on a selecte...

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Bibliographic Details
Main Authors:	Chen, Derek H.C., Ranaweera, Thilakaratna, Storozhuk, Andriy
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ADJUSTMENT POLICIES ADJUSTMENT PROGRAMS ADVERSE EFFECTS AGGREGATE DEMAND AVERAGE INCOME AVERAGE INCOMES AVERAGE LEVEL BASIC EDUCATION BLACK MARKET BLACK MARKET PREMIUM CAPITAL GOODS CLOSED ECONOMIES COMPARATIVE ADVANTAGE COUNTRY DATA DEBT DEBT RELIEF DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT GOALS DEVELOPMENT INDICATORS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMISTS EDUCATION LEVEL EDUCATIONAL ATTAINMENT ELASTICITIES EMPIRICAL RESEARCH EMPIRICAL SECTION EMPIRICAL STUDIES EQUAL DISTRIBUTION ESTIMATED COEFFICIENTS ESTIMATION RESULTS EXCHANGE RATE EXPENDITURES EXPORT TAXES FARMS FEMALE EDUCATION FINANCIAL FIXED EFFECTS GINI COEFFICIENT GINI INDEX GROWTH ELASTICITY GROWTH LITERATURE GROWTH RATES HEALTH CARE HEALTH INDICATORS HEALTH OUTCOMES HEALTH STATUS HIGH INFLATION HOUSEHOLD SURVEYS HOUSING HUMAN CAPITAL HYGIENE ILLITERACY IMPORTS INCOME INCOME CONSTANT INCOME DISTRIBUTION INCOME ELASTICITY INCOME GROUPS INCOME INCREASE INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCREASE GROWTH INCREASED INVESTMENT INDEPENDENT VARIABLE INDEPENDENT VARIABLES INFANT MORTALITY INFANTS INFLATION INFLATION RATE INFLATION RATES INFORMATION INSURANCE INTERMEDIATE GOODS INTERNATIONAL TRADE LAGGED VALUES LIFE EXPECTANCY LITERACY RATES LIVING STANDARDS LONG RUN LOW- INCOME COUNTRIES LOW-INCOME COUNTRIES MACROECONOMIC INSTABILITY MACROECONOMIC POLICY MACROECONOMIC SHOCKS MEAN INCOME MEDICAL FACILITIES MOTHERS NURSES NUTRITION OPPORTUNITY COSTS PER CAPITA INCOME PHYSICIANS POLICY ANALYSIS POLICY ISSUES POLICY RESEARCH POLITICAL INSTABILITY POOR PEOPLE POPULATION SHARE POVERTY ALLEVIATION POVERTY GAP POVERTY INCREASES POVERTY LEVELS POVERTY LINE POVERTY RATE POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIMARY SCHOOL PRODUCTIVE RESOURCES PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC HEALTH PUBLIC HEALTH EXPENDITURES PUBLIC SPENDING PURCHASING POWER PURCHASING POWER PARITY QUOTAS REDUCING POVERTY RELATIVE PRICES RELATIVE WAGE RURAL AREAS SAVINGS SCHOOLS SIGNIFICANT EFFECT TRADE LIBERALIZATION TRADE OPENNESS TRADE VOLUMES TRANSFER PAYMENTS UNEMPLOYMENT UNSKILLED LABOR URBAN AREAS URBANIZATION URBANIZATION RATE WAGE DIFFERENTIALS WORKERS POVERTY SOCIAL INDICATORS EDUCATION GROSS DOMESTIC PRODUCT PER CAPITA URBANIZATION INDICATORS EDUCATION EXPENDITURES HEALTH ISSUES METHODOLOGY INFANT MORBIDITY RATES
Online Access:	http://documents.worldbank.org/curated/en/2004/05/4965822/rmsm-sp-minimal-poverty-module-rmsm-x http://hdl.handle.net/10986/14043

Description
Summary:	The authors present a new tool, the RMSM-X+P, which essentially consists of a RMSM-X model with an additional module for poverty and social indicators. This linkage facilitates the analysis of the impact of various macroeconomic shocks on a selected set of key social indicators. Poverty analysis is performed by the use of a poverty equation (which is estimated using pooled data for a group of low-income countries) that links the incidence of poverty to inflation, the literacy rate, real GDP per capita, the degree of trade openness, and income inequality. Similarly, the authors analyze the effects of various macroeconomic shocks on education and health with the aid of equations for education and health. This new tool allows the user to address a limited number of policy issues. However, it does possess several merits, perhaps the most substantial being that it permits the users to move beyond approaches that focus on the partial correlation between growth and poverty in discussions of poverty reduction.

The RMSM-X+P: A Minimal Poverty Module for the RMSM-X

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