AN EMPIRICAL INVESTIGATION ON THE SUSTAINABILITY OF BALANCING ITEM OF BALANCE OF PAYMENT ACCOUNTS FOR OIC MEMBER COUNTRIES

Tuck Cheong Tang () and Evan Lau ()

No 31/08, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This study aims to examine the sustainability of balancing item (???net errors and omissions') of balance of payment accounts for OIC (Organisation of the Islamic Conference) member countries. The series specific panel unit root test (SURADF unit root tests) suggest that 9 out of 23 sampled OIC member countries have their balancing item sustainable - Albania, Coted???Ivoire, Indonesia, Kuwait, Malaysia, Mozambique, Pakistan, Tunisia, and Uganda.

Keywords: Balancing Item (Net Errors and Omissions); Organisation of the Islamic Conference (OIC); Sustainability (search for similar items in EconPapers)
JEL-codes: C22 F32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-sea
Date: 2008-11-01
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