Economics and Econometrics

Economics and econometrics represent important skill sets and perspectives for much research to improve policy and decision making. The team of economists at RAND Europe is experienced in both quantitative and qualitative methods. We design research analyses, collect the information and data, conduct econometric and qualitative analyses, build and run the models, and communicate the findings. If additional expertise is required we are very well networked with a wide spectrum of external collaborators to call on for input and advice.

Featured Research

  • Improved connectivity would benefit China's BRI

    Trade routes developed as part of the Belt and Road Initiative (BRI) aim to promote regional cooperation in Asia, Europe, and Africa. Improving multimodal transport infrastructure and connectivity in the BRI region would likely benefit all partners, and rail improvements would have the greatest impact.

Selected Research

  • Requiring repayment of incentives encourages greater wellness

    27 Nov 2018

    Wellness incentives are more successful when they provide a benefit up front and require repayment if recipients do not maintain a required level of activity, according to a longitudinal study of nearly 500,000 programme participants.

  • The cost of terrorism in Europe

    06 Jun 2018

    Terrorism is negatively associated with economic growth in Europe. Between 2004 and 2016, the 28 EU member states lost around €180 billion in GDP terms due to terrorist attacks, in addition to the human toll through loss-of-life and injuries.

  • Would the EU Benefit from Common Liability Rules for Autonomous Vehicles?

    20 Apr 2018

    Researchers explored the potential impacts of AVs on European car manufacturers, the insurance industry, connected industries and markets, and those who provide public provision of services and supervise compliance.

  • Economic evaluation of the MCR Pathways PSP initiative

    16 Mar 2018

    Using data from ScotCen's evaluation of the MCR Pathways mentoring programme, RAND Europe is conducting a cost-benefit analysis to determine the economic value accruing from MCR participants' achievement of educational outcomes.

  • Exploring Trade Scenarios After Brexit

    12 Dec 2017

    The UK is likely to be economically worse off outside of the European Union under most plausible scenarios. Leaving the EU with no deal and applying World Trade Organization rules would lead to the greatest economic losses for the UK.

  • Examining Growth-Enhancing Synergies between EU and National Budgets

    06 Nov 2017

    An analysis of EU- and national-level budgetary data and past EU recommendations found some synergies between EC fiscal and economic policy priorities and the contribution of the EU and national budgets, but more work that could be done on both sides.

  • Analysing the Cost of Not Treating MS with a DMT

    31 Mar 2017

    An analysis of the costs of treating MS with disease modifying therapy, compared with the cost of not treating with DMTs, aims to take account of the cost impacts of the different treatments, including on the ability of people with MS to continue work and on their need for support from family members and other carers.

  • Ending the Schengen Agreement Would Cost €2–3 Billion Annually

    13 Oct 2016

    The economic costs of European countries ending the Schengen Agreement and reintroducing border controls range in the billions of euros, with further political and social costs.

  • Case Studies Show Oxford AHSN Adds Value

    20 Sep 2016

    An evaluation of the Oxford Academic Health Science Network (AHSN) found that it is capable of promoting high quality care and delivering projects which improve patient outcomes at a cost that appears to represent good value for money.

  • Comparing Six DfID-Funded Growth Research Programmes

    23 Aug 2016

    A review of six DfID-funded programmes focusing on economic growth research compared the six over time, against each other, and against relevant benchmarks to capture their performance to date. Some questions included the programmes' governance arrangements, their level of regional engagement and how cost-efficient they were.