Issue: 2015/Vol.25/No.3, Pages 5-16
ON THE STATE OF BUDGETARY BALANCE OVER TIME VIA THE ONE-WAY CLASSIFICATION MODEL
Virtue Ekhosuehi
, Francis Oyegue
Cite as: V. Ekhosuehi, F. Oyegue. On the state of budgetary balance over time via the one-way classification model. Operations Research and Decisions 2015: 25(3), 5-16. DOI 10.5277/ord150301
Abstract
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: budget, expenditure, fixed effects, one-way classification model, zero-sum constraint
Received: 8 August 2014 Accepted: 13 July 2015