Sustainability of Balancing Item in 18 Industrial Countries’ Balance of Payments Accounts: An Empirical Study

Tuck Cheong Tang ()

The IUP Journal of Applied Economics, 2008, vol. VII, issue 5, pages 15-25

Abstract: : This study analyzes the sustainability of balancing item (errors and omissions) of balance of payments accounts of 18 industrial countries employing unit root tests with level shifts. Initially, the descriptive summary suggests that the balancing items of the 18 industrial countries are considered to be ‘too big’. The results also suggest that balancing items of balance of payments accounts of all the 18 industrial countries are sustainable, except for Iceland, Denmark, Japan, Italy, France and Spain.

Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjae:v:07:y:2008:i:5:p:15-25

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