New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia

This study explores the macroeconomic determinants of the ‘net errors and omissions’ behaviour in balance of payment accounts. Two empirical equations are being estimated as suggested by the balance of payments constraint, and income-expenditure approach, respectively. This study fnds that GDP, i...

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Main Author: tang , tuck cheong
Format: Article
Language:English
Published: Asian Academy of Management (AAM) 2017
Subjects:
Online Access:http://eprints.usm.my/40152/
http://eprints.usm.my/40152/1/aamjaf13022017_2.pdf
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author tang , tuck cheong
author_facet tang , tuck cheong
author_sort tang , tuck cheong
building USM Institutional Repository
collection Online Access
description This study explores the macroeconomic determinants of the ‘net errors and omissions’ behaviour in balance of payment accounts. Two empirical equations are being estimated as suggested by the balance of payments constraint, and income-expenditure approach, respectively. This study fnds that GDP, interest rate, and exchange rate are the important factors explaining the Australian ‘net errors and omissions’. Causality tests have recognized the possible transmission channels. This study can be considered a new perspective in this topic and reference for further research.
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spelling usm-401522018-04-20T08:50:03Z http://eprints.usm.my/40152/ New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia tang , tuck cheong HD28-70 Management. Industrial Management This study explores the macroeconomic determinants of the ‘net errors and omissions’ behaviour in balance of payment accounts. Two empirical equations are being estimated as suggested by the balance of payments constraint, and income-expenditure approach, respectively. This study fnds that GDP, interest rate, and exchange rate are the important factors explaining the Australian ‘net errors and omissions’. Causality tests have recognized the possible transmission channels. This study can be considered a new perspective in this topic and reference for further research. Asian Academy of Management (AAM) 2017 Article PeerReviewed application/pdf en http://eprints.usm.my/40152/1/aamjaf13022017_2.pdf tang , tuck cheong (2017) New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia. Asian Academy of Management Journal of Accounting and Finance, 13 (2). pp. 1-18. ISSN 1823-4992 http://web.usm.my/journal/aamjaf/aamjaf13022017/aamjaf13022017_2.pdf
spellingShingle HD28-70 Management. Industrial Management
tang , tuck cheong
New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia
title New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia
title_full New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia
title_fullStr New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia
title_full_unstemmed New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia
title_short New Perspective On The ‘Net Errors And Omissions’ In Balance Of Payment Accounts: An Empirical Study In Australia
title_sort new perspective on the ‘net errors and omissions’ in balance of payment accounts: an empirical study in australia
topic HD28-70 Management. Industrial Management
url http://eprints.usm.my/40152/
http://eprints.usm.my/40152/
http://eprints.usm.my/40152/1/aamjaf13022017_2.pdf