Should Portuguese economy invest in defense spending? A revisit

Detalhes bibliográficos
Autor(a) principal: Shahbaz, Muhammad
Data de Publicação: 2013
Outros Autores: Leitão, Nuno Carlos, Uddin, Gazi Salah, Arouri, Mohamed, Teulon, Frédéric
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.15/2979
Resumo: 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 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.
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spelling Should Portuguese economy invest in defense spending? A revisitCausalityDefense spendingEconomic growthCointegrationIn 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.ElsevierRepositório Científico do Instituto Politécnico de SantarémShahbaz, MuhammadLeitão, Nuno CarlosUddin, Gazi SalahArouri, MohamedTeulon, Frédéric2020-07-13T08:35:48Z20132013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.15/2979engShahbaz, 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.2013.08.0380264-999310.1016/j.econmod.2013.08.038metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-21T07:34:25Zoai:repositorio.ipsantarem.pt:10400.15/2979Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:54:50.990911Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Should Portuguese economy invest in defense spending? A revisit
title Should Portuguese economy invest in defense spending? A revisit
spellingShingle Should Portuguese economy invest in defense spending? A revisit
Shahbaz, Muhammad
Causality
Defense spending
Economic growth
Cointegration
title_short Should Portuguese economy invest in defense spending? A revisit
title_full Should Portuguese economy invest in defense spending? A revisit
title_fullStr Should Portuguese economy invest in defense spending? A revisit
title_full_unstemmed Should Portuguese economy invest in defense spending? A revisit
title_sort Should Portuguese economy invest in defense spending? A revisit
author Shahbaz, Muhammad
author_facet Shahbaz, Muhammad
Leitão, Nuno Carlos
Uddin, Gazi Salah
Arouri, Mohamed
Teulon, Frédéric
author_role author
author2 Leitão, Nuno Carlos
Uddin, Gazi Salah
Arouri, Mohamed
Teulon, Frédéric
author2_role author
author
author
author
dc.contributor.none.fl_str_mv Repositório Científico do Instituto Politécnico de Santarém
dc.contributor.author.fl_str_mv Shahbaz, Muhammad
Leitão, Nuno Carlos
Uddin, Gazi Salah
Arouri, Mohamed
Teulon, Frédéric
dc.subject.por.fl_str_mv Causality
Defense spending
Economic growth
Cointegration
topic Causality
Defense spending
Economic growth
Cointegration
description 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 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.
publishDate 2013
dc.date.none.fl_str_mv 2013
2013-01-01T00:00:00Z
2020-07-13T08:35:48Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.15/2979
url http://hdl.handle.net/10400.15/2979
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Shahbaz, 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.2013.08.038
0264-9993
10.1016/j.econmod.2013.08.038
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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