Muhammad, Shahbaz; Nuno, Carlos Leitão; Ghazi, Salah Uddin - Volkswirtschaftliche Fakultät, … - 2012
In this paper, we investigate the causal relationship between defence spending and economic growth in Portugal during the period of 1980-2010. We apply the ARDL bounds testing approach in the presence of structural break. These methods are robust to the violation of statistical assumptions...