[학술논문] Examining the Sources of Fluctuation in South and North Korea’s Military Expenditures
...source behind South Korea’s military expenditure fluctuations, NK shocks also play a significant role here. It is interesting to note that the empirical evidence about the impulse response,
forecasting the variance and historical decompositions of North Korea’s military expenditures, seems to support previous studies that propose North Korea’s military expenditures follow a random...