International Journal of Research and Innovation in Applied Science (IJRIAS)
The Basket Residue Theory (BRT)
Published February 26, 2026 • Vol. 11, Issue 2, pp. 164–178Open Access
DOI: 10.51584/IJRIAS.2026.110200015
Abstract
This paper introduces the Basket Residue Theory (BRT) as a mathematical framework for assessing the real purchasing power of money, prosperity levels, poverty dynamics, and indirect wealth transfers in an economy. The model builds on variations in the prices of a representative basket of goods and services, offering a quantitative measure of real value erosion or enhancement over time. BRT extends beyond conventional inflation indices by integrating fiscal and monetary interactions into the valuation residue concept.
Keywords: Basket Residue Theory, Purchasing Power, Inflation, Prosperity Index, Poverty Dynamic
| Journal | International Journal of Research and Innovation in Applied Science (IJRIAS) |
|---|---|
| ISSN | 2454-6194 |
| Volume / Issue | Volume 11, Issue 2 |
| Pages | 164–178 |
| Publication date | February 26, 2026 |
| DOI | 10.51584/IJRIAS.2026.110200015 |
| Publisher | RSIS International |
| License | Open Access |
How to cite this article
Leonard Karshima Shilgba (2026). The Basket Residue Theory (BRT). International Journal of Research and Innovation in Applied Science (IJRIAS), 11(2), 164-178. https://doi.org/10.51584/IJRIAS.2026.110200015
BibTeX
@article{Leonard2026,
title = {The Basket Residue Theory (BRT)},
author = {Leonard Karshima Shilgba},
journal = {International Journal of Research and Innovation in Applied Science (IJRIAS)},
volume = {11},
number = {2},
pages = {164--178},
year = {2026},
doi = {10.51584/IJRIAS.2026.110200015},
publisher = {RSIS International}
}