The input/output characteristic estimation method for testing system comprises; first excitation measurement steps (S3-S5) in which an input obtained by superimposing an excitation input d2 onto a second torque control input ib2 is input to a second dynamometer, and the frequency response i2d2 with respect to the excitation input d2 is measured; second excitation measurement steps (S7-S9) in which input obtained by superimposing excitation input d3 on third torque control input ib3 is input to a third dynamometer, and frequency response i2d3 with respect to the excitation input d3 and the like are measured; and mechanical characteristic estimation steps (S11 and S12) in which the response measured in the first and second excitation measurement steps are used to estimate the transfer function Gt2_i2 and the like from the second or third torque current command signals (i2, i3) to the first or second axial torque detection signals (t2 or t3).