Abbreviations

AMECO

Annual macroeconomic database of the European Commission’s Directorate General for Economic and Financial Affairs

AR

Autoregression

ARDL

Autoregressive distributed lag model

CADF

Cross-section Augmented Dickey-Fuller

CCC

Civilian Conservation Corps

CIPS

Cross-sectionally augmented IPS test

DARPA

Defense Advanced Research Projects Agency

DFE

Dynamic Fixed Effect

EPWT

Extended Penn World Tables

GDP

Gross Domestic Product

GMM

Generalized method of moments

IPS

Im-Pesaran-Shin unit root test

LDCs

Least Developed Countries

LLC

Levin-Lin-Chu unit root test

MENA

Middle East and North Africa

MG

Mean Group

MIC

Military-industrial complex

MRT

Marginal rate of transformation

MSAR

Markov Switching ...

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