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.

  • Report

    The Economic Consequences of Investing in Shipbuilding: Case Studies in the United States and Sweden

    This report assesses the economic impacts that a shipbuilder has on its local community and region. The authors utilize a case study methodology to examine two U.S. shipbuilders and the Saab Aeronautics Gripen program in Sweden.

    Apr 15, 2015

  • Journal Article

    Fast Methods for Jackknifing Inequality Indices

    This paper outlines a procedure to obtain jackknife estimates for several inequality indices with only a few passes through the data.

    Apr 8, 2015

  • China's Foreign Minister Wang Yi (L) with North Korea's Foreign Minister Ri Su Yong (R) in Naypyidaw, Myanmar, August 10, 2014

    Commentary

    China's North Korean Challenge

    China's North Korea policy seems to suffer from inertia and fear of upsetting the fragile status quo. The enduring goal is to defend Beijing's vital interests by all necessary means. These include preventing domestic insecurity and maintaining a stable buffer state at the gateway to China's political and economic heartland.

    Apr 3, 2015

  • An Iraqi soldier rides in an armoured vehicle in Salahuddin province, Iraq, March 4, 2015, where Islamic State militants set fire to oil wells in the Ajil field east of the city of Tikrit to try to hinder aerial attacks aimed at driving them from the oilfield

    Commentary

    Oil Bonanza: Good News for the World

    World oil prices have fallen by more than 40 percent since June 2014 and over the next several years prices are more likely to fall than to rise. The global economy will benefit hugely from this shift, and it's possible that global security will also benefit from lower oil prices.

    Mar 31, 2015

  • 135380205

    Project

    Assessing the Effectiveness of Conditional Cash Transfers as a Development Mechanism

    Conditional cash transfer programs (CCTs) are seen as particularly effective in low- and middle-income countries, but relatively little is known about the interface between the supply of services and program administration and specific human development outcomes. RAND Europe assessed the effectiveness of CCTs through a two-year grant from UK Economic Social Research Council and Department for International Development.

    Mar 30, 2015

  • U.S. Energy Secretary Ernest Moniz, U.S. Secretary of State John Kerry, Iran's Foreign Minister Mohammad Javad Zarif, and the head of the Atomic Energy Organization of Iran Ali Akbar Salehi before resuming talks over Iran's nuclear program in Lausanne, March 16, 2015

    Commentary

    Don't Scare Off Investors from Iran

    Non-American corporations must decide whether the benefits of pursuing business opportunities in Iran outweigh the risks, and they will likely stay away as long as Congress keeps debating the imposition of new sanctions. Their reluctance to invest could prevent Iran from seeing the economic benefits of a nuclear deal.

    Mar 27, 2015

  • Supporters of Nigerian presidential candidate Muhammadu Buhari gesture in front of his election posters in Kano March 27, 2015

    Commentary

    What's at Stake in Nigeria's Elections

    Next to ethnic and religious predilections, security is by far the biggest issue for Nigerians in Saturday's election. For more than 50 years, since Nigeria's independence from British rule, its military has played an important role in peacekeeping across the continent. Paradoxically, the country has struggled with an insurgency within its own borders.

    Mar 27, 2015

  • Shardlow Wharf, Derbyshire, UK

    Commentary

    Pooling Resources for Public Service Transformation

    Poor coordination in government services has long been a source of frustration to users, and a cause of inefficiency and ineffectiveness. The emerging debate about devolution of powers and responsibilities for some public services, and ongoing resource pressures, have encouraged innovative, locally developed approaches.

    Mar 25, 2015

  • Report

    One Place, One Budget? Approaches to pooling resources for public service transformation

    The Local Government Association (LGA) commissioned RAND Europe to do 9 case studies of local authorities in England (UK) using a pooled approach for service delivery. Based on this RAND Europe made recommendations for a 'public sector reform deal'.

    Mar 25, 2015

  • A man walking in the financial district of Pudong in downtown Shanghai

    Commentary

    The U.S.-China Crossover

    According to the IMF, the U.S. and Chinese GDPs in 2015 are $18.4 trillion and $11.1 trillion, respectively. Current and impending conditions in both economies suggest that the estimates of when China will surpass the U.S. are likely premature, and by a substantial margin.

    Mar 20, 2015

  • News Release

    Details and Context of New Payment Models Are Critical to Efforts of Physician Practices to Improve Care

    Physician practices are engaging in new health care payment models intended to improve quality and reduce costs, but are finding that they need help with managing increasing amounts of data and figuring out how to respond to the diversity of programs and quality metrics from different payers.

    Mar 19, 2015

  • Doctor writing at his desk next to keyboard and stethoscope

    Report

    Physicians Need Support and Guidance to Further Advance Delivery Reforms

    Physician practices are engaging in new health care payment models intended to improve quality and reduce costs, but are finding that they need help with managing increasing amounts of data and figuring out how to respond to the diversity of programs and quality metrics from different payers.

    Mar 19, 2015

  • An AV-8B Harrier jet aircraft prepares to land aboard the USS Essex in the Philippine Sea

    Commentary

    China and America's Coming Battle for Southeast Asia

    Although China and the United States are both in a position to influence the process of ASEAN integration, ultimately it will be up to the Association itself to cement internal cohesion, achieve centrality, and thereby remain a relevant player in the emerging Asian order.

    Mar 17, 2015

  • News Release

    The Costs of Mobile 'Not-Spots'

    Rural areas lacking a mobile phone signal (“not-spots”) experience a negative impact on businesses of all sizes, and could suffer detrimental effects to the long-term sustainability of communities. Residents and visitors would be willing to pay for better mobile coverage.

    Mar 12, 2015

  • Man on a bench in countryside using mobile

    Report

    The Costs of Mobile “Not-Spots”

    Rural areas lacking a mobile phone signal (“not-spots”) experience a negative impact on businesses of all sizes, and could suffer detrimental effects to the long-term sustainability of communities. Residents and visitors would be willing to pay for better mobile coverage.

    Mar 12, 2015

  • Farmer using a smartphone and tablet PC while standing in his field

    Report

    Estimating the value of mobile telephony in mobile network not-spots: Summary

    This study uses stated preference discrete choice experiments to quantify the value that residents and businesses in not-spot areas and local visitors and tourists to these areas are willing to pay for mobile phone coverage.

    Mar 12, 2015

  • A doctor listens to a patient's breathing

    Journal Article

    U. S. Hospitals Experienced Substantial Productivity Growth During 2002-11

    Productivity growth in US health care could be better than is sometimes believed, and may help alleviate concerns about Medicare payment policy under the Affordable Care Act.

    Mar 10, 2015

  • After a year of political upheaval and a war in the East, Ukrainians are facing poverty, with prices rising sharply, the currency crumbling, and a nearly bankrupt state

    Commentary

    For Ukraine, the Battle to Bolster a Crashing Economy Is as Dire as Combat in the East

    Ukraine's struggle to keep afloat economically has been daunting, as its parliament has fallen into disarray and failed to enact major economic reforms. Ukrainian lawmakers could help by dealing better with the national budget but their recent deliberations inspired little public confidence.

    Mar 9, 2015

  • Russia's President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko (2nd L) attend a signing ceremony during a session of the Supreme State Council of the Union State at the Kremlin in Moscow, March 3, 2015

    Commentary

    Europe Must Spend More on Arms to Deter Putin

    Demonstrations in Greece and elsewhere suggest that the European public may have little sympathy for governments not devoting most efforts to domestic discontent and foreign indebtedness. But the longtime downward trends in European defense spending matter now that Russia has chosen to flex its military might, diminished though it may be.

    Mar 3, 2015

  • Methicillin-resistant Staphylococcus aureus (MRSA)

    Essay

    The New Drug Wars

    Modern medicine is built on the promise that antibiotics will clear away the bacteria that made everything from skin infections to surgery potentially lethal just a few generations ago. But drug-resistant strains of disease have spread in recent years.

    Mar 3, 2015