Shahbaz, Muhammad; Leitão, Nuno Carlos; Uddin, Gazi Salah - In: Economic Modelling 35 (2013) C, pp. 805-815
In this paper, we investigate the causal relationship between defense 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. The ARDL–ECM estimation results disclose that the relations between...