Troy D. Smith

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Associate Economist; Professor of Policy Analysis, Pardee RAND Graduate School
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Ph.D. in economics, Stanford University

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This researcher is available for interviews.

To arrange an interview, contact the RAND Office of Media Relations at (310) 451-6913, or email

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Troy Smith is an economist at the RAND Corporation and professor of policy analysis at the Pardee RAND Graduate School. His research is in applied microeconomics focusing on education, entrepreneurship, development, and labor. 

Smith researches productivity in environments where it is difficult to measure, and how the productivity of organizations interacts with the markets in which they operate. Previous research has focused on business in developing countries by examining the effects of private equity investment on Indian firms and education in the United States by examining the supply of private schooling and the effect of public school policies on the private school market.

Before beginning his Ph.D., Smith worked as an economic consultant at Charles River Associates in Boston, as a research associate at Harvard Business School for the required first year MBA strategy course, and as a researcher at the Small Enterprise Finance Center in the Institute for Financial Management and Research in Chennai, India. Smith holds an M.S. and a Ph.D. in economics from Stanford University, and a B.S. in economics and international studies with minors in math and African studies from Brigham Young University.

Pardee RAND Graduate School Courses

Recent Projects

  • Private Equity in India: Efficiency vs. Expansion
  • Quantifying the Supply Response of Private Schools to Public Policies
  • Productivity and Market Structure in Private Elementary and Secondary Schooling

Selected Publications

James Hosek, Beth J. Asch, Michael G. Mattock, and Troy D. Smith, Military and Civilian Pay Levels, Trends, and Recruit Quality, RAND (RR-2396-OSD), 2018

Trevor Johnston, Troy D. Smith, and J. Luke Irwin, Additive Manufacturing in 2040: Powerful Enabler, Disruptive Threat, RAND (PE-283-RC), 2018

Charles P. Ries, Marco Hafner, Troy D. Smith, Frances G. Burwell, Daniel Egel, Eugeniu Han, Martin Stepanek, Howard J. Shatz, After Brexit: Alternate forms of Brexit and their implications for the United Kingdom, the European Union and the United States, RAND (RR-2200-RC), 2017

Benjamin M. Miller, David Metz, Troy D. Smith, Jesse Lastunen, Eric Landree, and Christopher Nelson, Understanding the Economic Benefit Associated with Research and Services at the National Institute for Occupational Safety and Health: An Approach and Three Case Studies, RAND (RR-2256-NIOSH), 2017

Joseph P. H. Fan, Jun Huang, Felix Oberholzer-Gee, Troy D. Smith, and Mengxin Zhao, "Diversification of Chinese Companies—An International Comparison," Chinese Management Studies, 2008

Troy D. Smith and Acou Sam Ogojoi "Poverty, AIDS, and Street Children in Uganda," in Donald E. Morisky, W. James Jacob, Yusuf K. Nsubuga, and Steven J. Hite (ed), Overcoming AIDS: Lessons Learned from Uganda, Information Age Publishing, 2006


  • People walk near India Gate on a smoggy afternoon in New Delhi, India, November 15, 2020, photo by Adnan Abidi/Reuters

    Curb Climate Change After COVID-19? Fast-Growing India and Brazil Are Key

    India and Brazil are facing pressure to launch recoveries after the economic devastation caused by the pandemic. Will they backslide on their Paris climate agreement commitments, or will the expected return of the United States to the pact encourage them to build a more sustainable economic future?

    Dec 15, 2020 United Press International

  • A desk with 3D printing technology on top

    Downloadable Guns and Other 3-D Printing Security Threats

    Americans may soon be able to legally access blueprints for 3D-printed guns. The growing opposition to these weapons shows that potential security threats do not have to be inevitable. The security challenges inherent in 3D printing could be addressed, while the development of industry norms can still be shaped.

    Jul 31, 2018 Fox News Channel