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 … economic growth. In addition, the unidirectional causality from defense spending to economic growth exists in the case of … Portugal. Therefore, defense spending can play an important role in economic development of Portugal. …