Journal Article

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

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 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.

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

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Publication Date: 2007

Volume: 13

Issue: Feb

Order Number: 2