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Should Portuguese economy invest in defense spending? A revisit

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dc.contributor.authorShahbaz, Muhammad
dc.contributor.authorLeitão, Nuno Carlos
dc.contributor.authorUddin, Gazi Salah
dc.contributor.authorArouri, Mohamed
dc.contributor.authorTeulon, Frédéric
dc.date.accessioned2020-07-13T08:35:48Z
dc.date.available2020-07-13T08:35:48Z
dc.date.issued2013
dc.description.abstractIn 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 defense spending, capital, labor and economic growth are country specific. The interesting finding of this study is that there is a U-shaped relationship that exists between defense spending and 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.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationShahbaz, M., Leitão, N. C., Uddin, G. S., Arouri, M., & Teulon, F. (2013). Should Portuguese economy invest in defense spending? A revisit. Economic Modelling, 35, 805–815. doi: 10.1016/j.econmod.2013.08.038pt_PT
dc.identifier.doi10.1016/j.econmod.2013.08.038pt_PT
dc.identifier.issn0264-9993
dc.identifier.urihttp://hdl.handle.net/10400.15/2979
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherElsevierpt_PT
dc.relation.publisherversionhttps://www.sciencedirect.com/science/article/abs/pii/S0264999313003544?via%3Dihubpt_PT
dc.subjectCausalitypt_PT
dc.subjectDefense spendingpt_PT
dc.subjectEconomic growthpt_PT
dc.subjectCointegrationpt_PT
dc.titleShould Portuguese economy invest in defense spending? A revisitpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage815pt_PT
oaire.citation.startPage805pt_PT
oaire.citation.titleEconomic Modellingpt_PT
oaire.citation.volume35pt_PT
person.familyNameLeitão
person.givenNameNuno Carlos
person.identifier.orcid0000-0002-7602-2615
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication59b3a478-abed-4851-a925-fe8d133213c5
relation.isAuthorOfPublication.latestForDiscovery59b3a478-abed-4851-a925-fe8d133213c5

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