A Note Concerning the Revision or Rebuilding of the MEMBOT Model: Some preliminary observations and suggestions

Abstract

This paper discusses the structure of the existing MEMBOT model (Macro Economic Model for Botswana). The limitations of the current model are identified, and the need to revise it noted. It is suggested: that a revised model should be constructed, employing one of the commonly used spreadsheet formats; that the structures of the current model should be retained, but modified so as to accommodate present needs and realities; that the new model should contain a new block detailing relevant finance side structures.