“…There are also numerous studies carried out on countries of the European Union, such as the studies by Kollias et al [57,58] who, using the dynamic panel methodology with fixed effects, affirmed the existence of a positive relationship between defence expenditure and the growth of the economy. Other examples are the studies performed by Mylonidis [59], Chang et al [60], who applied the Granger methodology, Hunter [61], Michael et al [62], Daddi et al [63], Dimitraki et al [64], Aben et al [65] and Berg et al [66], among other studies.…”