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What has homeland security cost? an assessment: 2001-2005

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Author Info
Bart Hobijn
Erick Sager
Abstract

While homeland security is widely seen as an important national objective, the costs of this effort are not well understood. An analysis of public and private expenditures on homeland security shows that overall spending rose by $44 billion between 2001 and 2005?a clear increase but one that represents a gain of only ¼ of 1 percent as a share of U.S. GDP. Private sector expenditures increased very modestly in dollar terms and remained unchanged as a fraction of the sector's GDP.

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Publisher Info
Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): (2007)
Issue (Month): Feb ()
Pages:
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Handle: RePEc:fip:fednci:y:2007:i:feb:n:v.13no.2

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Related research
Keywords: National security ; Economic policy ; Gross domestic product;

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This page was last updated on 2009-12-9.

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