This article applies an unrestricted two-regime threshold autoregressive (TAR) model with an autoregressive unit root to examine the sustainability of the balancing item of the balance of payments for Australia from the first quarter 1960 to the second quarter 2006. The main finding is that the...

The study is motivated by the consideration that large and variable statistical discrepancies in key economic performance data and successive data revisions may distort the conduct of economic policy and its subsequent evaluation. Its specific object is the exploration of the statistical...