New estimates of the cost of corruption in the EU show that up to €990 billion (£781.64 billion) in GDP terms is lost annually. Three policy measures to address corruption are recommended.
Mar 22, 2016
Statistical models can characterize relationships among aspects of economic behavior, and comprehensive econometric models are often used to guide public policy decisions. Several RAND researchers are skilled in the use of econometric models and use them to help explain how economic and political decisions may affect, for instance, military purchasing, agricultural production, and vehicle ownership patterns.