On the state of budgetary balance over time via the one-way classification model

• Authors: Virtue U. EKHOSUEHI , Francis O. OYEGUE
• Languages of publication: EN

Abstracts

EN

A study on the state of budgetary balance over time in an economy has been conducted. The planned revenues and expected expenditures contained in the budget statements over the years are used as economic instruments for the study. The one-way classification model in statistical theory is used as the theoretical underpinning to describe the budget equation. The economic implications of the signs of the fixed effects in the model are stated.

Keywords

EN

budget, expenditure; fixed effects; one-way classification model; zero-sum constraint

• Publisher: Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
• Journal: Operations Research and Decisions
• Year: 2015
• Volume: 25
• Issue: 3
• Pages: 5-16

Contributors

author

Virtue U. EKHOSUEHI

• Department of Mathematics, University of Benin, P.M.B. 1154, Benin City, Nigeria

author

Francis O. OYEGUE

• Department of Mathematics, University of Benin, P.M.B. 1154, Benin City, Nigeria

References

• ALGIERI B., An empirical analysis of the nexus between external balance and government budget balance: The case of the GIIPS countries, Economic Systems, 2013, 37, 233.
• ANDERSEN A.L., LASSEN D.D., NIELSEN L.H.W., The impact of late budgets on state government borrowing costs, Journal of Public Economics, 2014, 109, 27.
• ANYANWU J.C., Nigerian public finance, Joanes Educational Publishers, Ltd., Onitsha 1997.
• EKHOSUEHI V.U., OSAGIEDE A.A., A proposed formula for horizontal revenue allocation in Nigeria, Asia-Pacific Journal of Operational Research, 2012, 29 (6), 1250033.
• FALCO-GIMENO A., JURADO I., Minority governments and budget deficits: The role of the opposition, European Journal of Political Economy, 2011, 27, 554.
• IYOHA M.A., Macroeconomics: Theory and Policy, Mindex Publishing, Benin City 2004.
• KAMEDA K., Budget deficits, government debt, and long-term interest rates in Japan, Journal of the Japanese and International Economies, 2014, 32, 105.
• LINDGREN B.W., Statistical theory, 4th Ed., Chapman & Hall, New York 1993. 16 V. U. EKHOSUEHI, F. O. OYEGUE
• ORUBU C.O., The development and contribution of the petroleum industry to the Nigerian economy, [in:] Nigerian Economy: Structure, Growth and Development, M.A. Iyoha, C.O. Itsede (Eds.), Mindex Publishing, Benin City 2002, 31.
• PHILLIPS A.O., Managing fiscal federalism: Revenue allocation issue, Pulius, 1991, 21 (4), 103.
• RAMSEY J.R., HACKBART M.M., Impacts of budget reform: the budget office perspective, State and Local Government Review, 1982, 14 (1), 10.
• WU C.F.J., HAMADA M., Experiments: Planning, Analysis and Parameter Design Optimization, Wiley, New York 2000.

Identifiers

DOI

10.5277/ord150301