Economic Modeling


The Development Prospects Group of the World Bank has developed a broad set of tools for forecasting and policy analysis in the areas of macro-economics, trade, finance, income distribution, and country strategies.

 


 

 

 

Global Income Distribution Dynamic (GIDD) model


The Global Income Distribution Dynamics (GIDD), the first global CGE-microsimulation model. The GIDD takes into account the macro nature of growth and of economic policies and adds a microeconomic—that is, household and individual—dimension to it. The GIDD includes distributional data for 121 countries and covers 90 percent of the world population.

 

Functions

 

 

Applications

 

 

Methodology

 

 

 

Bussolo, M., R. de Hoyos, and D. Medvedev (2010). "Economic Growth and Income Distribution: Linking Macro Economic Models with Household Survey Data at the Global Level," International Journal of Microsimulation, 3 (1), 92-102.

 

 

MAMS (Maquette for MDG Simulations)


MAMS (Maquette for MDG Simulations) is a dynamic Computable General Equilibrium (CGE) model that has been extended to cover the generation of outcomes in terms of growth, MDGs, and the educational make-up of the labor force, as well as the interaction of these outcomes with other aspects of economic performance. The tool allows for economy-wide, country-level analysis of medium- and long-run development policies, including strategies for reducing poverty and achieving the Millennium Development Goals (MDGs). 

 

Methodology

 

The government policies that are considered include:

 

Economic performance is measured by the evolution of:

 

MAMS is a flexible tool that can be run in different versions that differ in data needs. For example, for analysis of macro issues, it is sufficient to use a version with minimal data needs; analysis of MDG strategies requires a version with additional sectoral disaggregation and a more detailed database.

 

Applications

 

 

 

Resources


This page provides other resources relevant to country-level -development strategy analysis with a focus on MDGs as well as links to other websites with more materials.

 

Selected Background Resources

 

 

Additional World Bank Materials

 

 

Additional Resources