An Empirical Investigation on the Sustainability of Balancing Item of Balance of Payment Accounts for OIC Member Countries

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) suggests 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.

Article Details
Year: 2009
Volume: 30
Issue: 1
Pages: 1 - 16
Accepted: 01.01.2009
DOI:
https://doi.org/10.5281/zenodo.20824060
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How to Cite?

Tuck Cheong Tang, Evan Lau (2009). An Empirical Investigation on the Sustainability of Balancing Item of Balance of Payment Accounts for OIC Member Countries. Journal of Economic Cooperation and Development, 30(1), 1-16. https://doi.org/10.5281/zenodo.20824060