Identifying the Parameters of the Mathematical Expenditure System Model

Ana-Petrina Păun () and Petre Brezeanu ()
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Ana-Petrina Păun: Bucharest University of Economic Studies, Romania

Annals of the University of Petrosani, Economics, 2013, vol. 13, issue 1, 231-250

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.

Keywords: public expenditures; Gross Domestic Product; stochastic models; control system (search for similar items in EconPapers)
JEL-codes: E60 H50 (search for similar items in EconPapers)
Date: 2013
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