Is there a Greek‐Turkish arms race?: Evidence from cointegration and causality testsFootnote†Insightful comments and constructive suggestions by Keith Hartley and three anonymous referees are gratefully acknowledged. The authors also wish to express their sincere thanks to Bruce Hansen for kindly offering his FM estimation software. The usual disclaimer applies. The views expressed in the article are those of the authors and are not necessarily shared by the Centre of Planning and Economic Research.
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