‘Net Errors and Omissions' of Balance of Payments and Its Sustainability: A Survey of Literature

Liung shi Ding () and Tuck Cheong Tang ()
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Liung shi Ding: Department of Economics, Faculty of Economics and Administration, University of Malaya

Economics Bulletin, 2017, vol. 37, issue 4, 2753-2766

Abstract: This survey covers 18 studies on ‘net errors and omissions' (NEO) or balancing items. Three groups have been classified by research interest (i) NEO sustainability; (ii) ‘sources' or ‘factors' of determining NEO behaviour; and (iii) components of NEO (i.e. nonlinearity). This survey focuses on the first group. 40% of the sample countries examined by the literature shows sustainable NEO. The meta-analysis recommends the method, region, and income “common factors†are found to have mixture implication on sustainable NEO.

Keywords: Balancing item; Net errors and omissions; Sustainability (search for similar items in EconPapers)
JEL-codes: C8 F4 (search for similar items in EconPapers)
Date: 2017-12-01
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Citations: View citations in EconPapers (2)

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