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The purpose of this paper is to test the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results obtained support only a very weak, long-run or "asymptotic" version of the hypothesis, and broadly agree with...
Persistent link: https://www.econbiz.de/10005616562
development stimulates economic growth for the case of Portugal. Foreign direct investment also good promoter of economic growth …
Persistent link: https://www.econbiz.de/10009325604
In this paper, we investigate the causal relationship between defence spending and economic growth in Portugal during …, the unidirectional causality from defense spending to economic growth exists in case of Portugal. Therefore, defence … spending can play an important role in economic development of Portugal. …
Persistent link: https://www.econbiz.de/10011107631
The purpose of this paper is to test the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results obtained support only a very weak, long-run or "asymptotic" version of the hypothesis, and broadly agree with...
Persistent link: https://www.econbiz.de/10005837523