모형(1)의 차분 GMM 분석 결과로는 전년도 국방예산보다 탄력적으로 증가하지만, System GMM 분석에서는 비탄력적으로 증가하는 것으로 나타났다.
As a result of the differential GMM analysis of the model (1), it was found to increase elastically compared to the previous year's defense budget, but it was found to increase inelastic in the system GMM analysis.