[학술논문] Examining the Sources of Fluctuation in South and North Korea’s Military Expenditures

...strengthen its military, while South Korea has set North Korean military power as the major target for its military build-up. Using the SVAR model, this study empirically analyzes the dynamic effects of structural disturbances on South and North Korea’s military expenditures. To identify two such disturbances, South and North Korea’s military expenditure shocks, an historical analysis of North...