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The Economics of Security is a research and policy-relevant initiative that was formerly managed by the German Institute for Economic Research (DIW Berlin) and is now hosted by the Stockholm International Peace Research Institute (SIPRI). The aim of the Economics of Security initiative is to understand the economic and social costs of terrorist attacks and anti-terror policies, as well as to use this knowledge to produce more effective and efficient security policies.
This aim is currently pursued through two separate projects. The first is EUSECON (European Security Economics), an EU 7th Framework Programme project that investigates the human-induced drivers of insecurity in society. The second is NEAT (the Network for the Economic Analysis of Terrorism), which brings together Europe's leading economists to collaborate on research concerning the economic impacts of terrorist and counter-terrorist actions.
- The Economics of Security initiative at DIW Berlin provides three main contributions:
- Addressing knowledge gaps: Through rigorous economic research, current gaps in knowledge are exposed and filled.
- Building capacities: By bringing together an otherwise fragmented community of researchers, and by supporting young researchers, future capacities in this area are being developed.
- Producing policy advice: Little research output in the area of security economics has been converted into applicable policy advice; therefore, this initiative provides a specific link to public policy.
More information on these projects can be found on their respective pages. The relevant links can be found above.