Shahbaz, Muhammad; Afza, Talat; Shabbir, Muhammad Shahbaz - In: Defence and Peace Economics 24 (2013) 2, pp. 105-120
This study revisits the relationship between defence spending and economic growth via a Keynesian model in Pakistan using the autoregressive distributive lag bounds testing approach to cointegration. Empirical evidence suggests a stable cointegration relationship between defence spending and...