Economics

Economics is a discipline concerned with the consumption, production, and transfer of wealth by and among individuals (microeconomics) and communities or nations (macroeconomics); subspecialties range from economic development and planning to health economics and international economic relations. RAND's many economists contribute to multidisciplinary research projects by exploring the intersections where economics informs social, military, and governmental policy decisions.

  • Secretary-General of the Gulf Cooperation Council (GCC) and interior ministers from Oman, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, and Bahrain before their meeting in Riyadh, Saudi Arabia, April 27, 2016

    Report

    The Outlook for Arab Gulf Cooperation

    Understanding what binds and divides the six Gulf Cooperation Council states can help policymakers prepare for future trends in a region with high stakes for U.S. strategic interests.

    Jul 26, 2016

  • Los Angeles city skyline

    Dissertation

    Exploring Sources of Innovation in the Knowledge-Based Economy: The Case of Los Angeles

    Uses a mix of both quantitative and qualitative methods to help policy makers identify sources of innovation in the knowledge-based economy and to best leverage these sources for regional economic growth.

    Jul 15, 2016

  • RAND senior economist Howard Shatz discussing his report, U.S. International Economic Strategy in a Turbulent World, at the National Press Club in Washington, D.C., June 21, 2016

    Blog

    Froman and Shatz Discuss U.S. Trade Policies, Brexit Implications

    Days before British citizens voted to exit the EU, RAND experts and U.S. Trade Representative Michael Froman gathered to discuss U.S. international economic policies that can expand strategic options, as well as the potential implications of Brexit.

    Jul 13, 2016

  • Demonstrators march in the Occupy LA protest through downtown Los Angeles to City Hall on October 15, 2011

    Commentary

    Fixing Inequality of Opportunity

    Research has fueled concerns about how income inequality drives inequality of opportunity. Commonsense approaches such as improvements in education and access to quality health care have been shown to provide young people with better opportunities.

    Jul 6, 2016

  • A British flag flutters in front of a window in London, Britain, June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum.

    Commentary

    Grasping the Brexit Moment for Free Trade

    The United Kingdom's surprising vote to exit the EU turned another tricky day into a possible social crisis. But where there is crisis, there is also opportunity, and the vote presents an opening for another step forward of global trade and investment liberalization.

    Jul 1, 2016

  • Journal Article

    Termination of Medi-Cal Benefits: A Follow-Up Study One Year Later

    In 1982 California terminated Medi-Cal benefits for the state's 270,000 medically indigent adults and transferred responsibility for their care to the county system.

    Jun 28, 2016

  • Journal Article

    How China Sees America: The Sum of Beijing's Fears

    China has become one of a small number of countries that have significant national interests in every part of the world and that command the attention of every other country and every international organization, and is the only country widely seen as a possible threat to U.S. predominance.

    Jun 28, 2016

  • The aircraft carrier USS John C. Stennis approaches the fast combat support ship USNS Rainier during a replenishment at sea in the South China Sea, March 4, 2016

    Commentary

    South China Sea Spat a Symptom of U.S.-China Jockeying for Advantage

    A spate of high-profile diplomatic feuds and military actions related to the South China Sea has raised concern about the direction of U.S.-China relations. Neither country is well positioned politically or economically to engage in a long-term, antagonistic relationship, let alone a major conflict.

    Jun 27, 2016

  • Young people waiting for a job interview

    Commentary

    Young Workers Without College Degrees Face Uncomfortable Truths

    Young Americans without a college education suffer from high unemployment, low earnings, and delayed adulthood with a limited ability to buy a home. To help them, policymakers need to remind themselves that workforce training and labor policy must focus on the technology-driven jobs of tomorrow.

    Jun 23, 2016

  • A drilling rig at the Imilorskoye oil field, outside the West Siberian city of Kogalym, Russia, January 25, 2016

    Report

    Prospects for Russia's Economic Growth

    Without major policy changes, the Russian economy will grow slowly in the medium term, even if world market prices for oil rebound sharply. However, returning to policies that Russia has pursued in the recent past could lead to substantially higher rates of growth.

    Jun 22, 2016

  • News Release

    Strong Global Economic Engagement Is Essential to Maintaining U.S. Prosperity and Leadership Abroad

    The United States stands to gain more from both strengthening global institutions and rules, such as those governing trade, direct investment, and development assistance, as well as engaging with the world's rising powers than from pulling back.

    Jun 21, 2016

  • 20160621-RAND-USTR

    Multimedia

    U.S. International Economic Policies That Can Expand Strategic Options

    In a fast-changing world, should the United States strengthen its links with the international economy or pull back? RAND Senior Economist Howard Shatz and Ambassador Michael Froman explore this question at the book launch for the latest volume in RAND's Strategic Rethink series. Ambassador Charles Ries moderates the discussion.

    Jun 21, 2016

  • Currency exchange rates are displayed on a digital LED screen

    Report

    U.S. International Economic Strategy in a Turbulent World

    The United States stands to gain more from strengthening global institutions and engaging with the world's growing economic powers than from pulling back.

    Jun 21, 2016

  • A blue map of the United States overlaying skyscrapers

    Research Brief

    Charting the U.S. Role in the World Economy

    The strength of America's economy supports the country's international power. That makes the next administration's economic choices among its most crucial.

    Jun 21, 2016

  • A man is seen next to signs of Chinese yuan and U.S. dollar at a foreign exchange store in Shanghai, January 8, 2016

    Commentary

    China's Yuan as a Reserve Currency: Boon or Bane for the Dollar?

    Establishing a system in which two reserve currencies compete with each other to affect global decisions about reserve holdings may lead to greater financial stability than the present dollar-dominated system.

    Jun 3, 2016

  • Red Cross members travel in a truck to a water station following an earthquake in Lalomanu, Samoa

    Journal Article

    Using Insights from Behavioral Economics to Strengthen Disaster Preparedness and Response

    Behavioral economics has achieved positive results in decision-making contexts similar to those surrounding disaster preparedness and response, and therefore the low cost and potentially high impact of behavioral economics-based interventions warrant further investigation.

    Jun 2, 2016

  • Events @ RAND Audio Podcast

    Multimedia

    A Conversation with His Excellency Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States

    In this Events @ RAND podcast, Ambassador Al Otaiba describes his vision for a stable, tolerant, and prosperous Middle East.

    Jun 1, 2016

  • Events @ RAND Audio Podcast

    Multimedia

    Albert P. Williams Lecture on Health Policy: The Role of Private Plans in Medicare

    In this Events @ RAND podcast, Joe Newhouse, a Professor of Health Policy and Management, discusses reforms in the mid-2000s that had a surprising—and some would say counterintuitive—effect on Medicare Advantage Plans.

    Jun 1, 2016

  • The Ukrainian national guard Azov regiment and activists of the Azov civil corp protest local elections in pro-Russian rebel-held areas of eastern Ukraine under the Minsk peace agreement, May 20, 2016

    Commentary

    Russia's Great Power Choice

    The Donbas occupation is straining Russia's economy, world power status, and relationship with the West. Only by pulling out of eastern Ukraine and reforming its economy can Russia gain broader acceptance and reach its potential as a great power.

    Jun 1, 2016

  • International flags

    Commentary

    Will the New President Risk the Stability of the World?

    America's next leader will confront one of the most profound tasks of any post-war U.S. president: reimagining a threatened international order. Mishandled, the challenge could throw world politics into a tailspin. Done right, it could help keep the peace for another half-century.

    Jun 1, 2016