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Identifying the Parameters of the Mathematical Expenditure System Model

Author

Listed:
  • Ana-Petrina Păun

    (Bucharest University of Economic Studies, Romania)

  • Petre Brezeanu

    (Bucharest University of Economic Studies, Romania)

Abstract

This chapter describes an optimum regulation model for the public expenditures system in Romania. The aim of this work is to design an optimal control system of public expenditures in Romania. It contains an offline identification of the total public expenditures system in Romania for a timespan of 15 years. The total public expenditures system is a MISO type one (Multiple Input – Single Output) and is identified by the use of the lowest foursquare applied on an OE (Output Error) type model.

Suggested Citation

  • Ana-Petrina Păun & Petre Brezeanu, 2013. "Identifying the Parameters of the Mathematical Expenditure System Model," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(1), pages 231-250.
    • Handle: RePEc:pet:annals:v:13:y:2013:i:1:p:231-250
    as

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    References listed on IDEAS

    as
    1. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    2. Jayasuriya, Ruwan & Wodon, Quentin, 2003. "Measuring and Explaining Country Efficiency in Improving Health and Education Indicators," MPRA Paper 11183, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public expenditures; Gross Domestic Product; stochastic models; control system;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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