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


  • Virtue Ekhosuehi
  • Francis Oyegue


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.

Suggested Citation

  • Virtue Ekhosuehi & Francis Oyegue, 2015. "On the state of budgetary balance over time via the one-way classification model," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 25(3), pages 5-16.
  • Handle: RePEc:wut:journl:v:3:y:2015:p:5-16:id:1153
    DOI: 10.5277/ord150301

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    References listed on IDEAS

    1. Virtue U. Ekhosuehi & Augustine A. Osagiede, 2012. "A Proposed Formula For Horizontal Revenue Allocation In Nigeria," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 29(06), pages 1-16.
    2. Algieri, Bernardina, 2013. "An empirical analysis of the nexus between external balance and government budget balance: The case of the GIIPS countries," Economic Systems, Elsevier, vol. 37(2), pages 233-253.
    3. Falcó-Gimeno, Albert & Jurado, Ignacio, 2011. "Minority governments and budget deficits: The role of the opposition," European Journal of Political Economy, Elsevier, vol. 27(3), pages 554-565, September.
    4. Andersen, Asger Lau & Lassen, David Dreyer & Nielsen, Lasse Holbøll Westh, 2014. "The impact of late budgets on state government borrowing costs," Journal of Public Economics, Elsevier, vol. 109(C), pages 27-35.
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