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Econometric Modeling

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.

Journal Article
The Widening Achievement Gap Between Rich and Poor in a Nordic Country
We study a decade of achievement gaps for fifth-, eighth-, and 10th-grade students in Norway using administrative population data.
Oct 16, 2023
Report
The relationship between research spending and research performance: A cross-country and in-depth study
This study investigates the relationship between spending and research performance through an econometric analysis and also investigates potential nonlinearities in the relationship between spending and performance through a series of case studies.
Feb 22, 2023
Journal Article
Partially Different? The Importance of General Equilibrium in Health Economic Evaluations: An Application to Nocturia
The main findings of this study highlight the magnitude of general equilibrium effects when assessing the potential productivity costs associated with health conditions.
Nov 29, 2022
Journal Article
Do Temporary Workers Experience Additional Employment and Earnings Risk After Workplace Injuries?
We find large and persistent earnings and employment losses after workplace injury for temporary workers over and above losses for direct-hire workers at the same job. Workers' compensation benefits reduce, but do not eliminate, this income loss.
Oct 19, 2022
Report
A Methodology for Quantifying the Value of Cybersecurity Investments in the Navy
Researchers developed a methodology to assess the value of resource options for U.S. Navy cybersecurity investments. The proposed methodology enables the Navy to rationalize the cost-effectiveness of potential investments within the POM process.
Sep 28, 2022
Journal Article
Optimal Allocation of Seats in the Presence of Peer Effects: Evidence from a Job Training Program
We model optimal treatment assignment in programs with a limited number of seats and study how the presence of peer effects impact the optimal allocation rule and us data from an RCT to show there are peer effects in the job training context.
Mar 29, 2022
News Release
Greater Adoption of Telemedicine Could Reap Benefits for the Canadian Economy of Nearly 6 Billion CAD Annually
Increasing the use of telemedicine in Canada through teleconsultations between patients and their primary care provider could lead to benefits for patients, society, and the economy. The economic value of time saved, through fewer hours spent on traveling to appointments and waiting, could be up to 5 billion CAD alone each year.
Dec 6, 2021
Research Brief
Greater adoption of telemedicine could offer economic and social benefits for Canada
This brief summarises the potential impact of increased, long-term telemedicine use in Canada. It was found that teleconsultations could boost the economy in terms of cost savings from fewer missed appointments and visits to emergency departments, and a reduction in travel times for patients.
Dec 6, 2021
Report
The potential socio-economic impact of telemedicine in Canada
This study examined the potential impact in Canada of continued, long-term use of telemedicine. Researchers found that widespread use of teleconsultations could lead to significant benefits for patients, the economy and wider society.
Dec 6, 2021
Report
Cost-Benefit Analysis of Special and Incentive Pays for Career Enlisted Aviators
The authors develop a capability to calculate the efficient amount of special and incentive pays for Air Force career enlisted aviators (CEAs). They also estimate the trade-offs between retaining CEAs and increasing accessions for a given force size.
Jan 7, 2021
Research Brief
The economic benefits of equitable global access to COVID-19 vaccines
Researchers used a global macroeconomic model to examine the economic effects of vaccine nationalism. This brief highlights the cost to 30 high-income countries if low and middle-income countries miss out on initial access to COVID-19 vaccines.
Dec 17, 2020
Research Brief
Unequal Access to COVID-19 Vaccines Would Further Damage the Global Economy
As long as the coronavirus is not under control in all regions of the world there will continue to be a global economic cost associated with COVID-19. Vaccine nationalism could cost up to $1.2 trillion a year in GDP. If the poorest countries cannot access vaccines, the loss would be between $60 and $340 billion a year.
Nov 5, 2020
Report
COVID-19 'Vaccine Nationalism' Could Cost $1.2 Trillion a Year
Nationalistic behavior by governments may exclude some countries from access to COVID-19 vaccines. This could cost the world economy up to $1.2 trillion a year in GDP. A globally coordinated effort to fight the pandemic is key, not only from a public health perspective but also an economic one.
Oct 28, 2020
Report
Modeling Career Enlisted Aviator Retention in the U.S. Air Force
The career trajectories and retention profiles of certain U.S. Air Force career enlisted aviators (CEAs) vary across the different Air Force Specialty Codes. Is there a model that would estimate CEA retention?
Aug 5, 2020
Commentary
The Costs of Brexit Uncertainty
It may be tempting to think that Brexit is now done. But the UK's formal departure from the EU in late January was only the end of the beginning. And uncertainty is likely to affect the UK's economic performance moving forward.
Mar 3, 2020
Commentary
Belt and Road: Economic Gain Is Possible for All
China's true motivations for its Belt and Road Initiative may still be unclear. But the West could consider the initiative's potential to deliver sustained economic, social, and environmental benefits for all, and find ways to support infrastructure improvements in the countries involved.
Jan 30, 2020
Report
Further Trade Uncertainty Due to Brexit Could Cost UK Billions
The UK's official departure from the EU only ends the first phase of trade uncertainty related to Brexit. Costs to the UK economy are likely to continue during the UK–EU renegotiation period and will increase over time. By the end of 2020, UK GDP could decrease by $5.5 billion (£4.4bn).
Jan 28, 2020
Multimedia
What Are the Potential Economic Implications of Prolonged UK–EU Trade Policy Uncertainty?
In this Call with the Experts podcast, RAND researchers discuss the potential economic implications of prolonged trade policy uncertainty associated with the renegotiation period between the UK and EU after Brexit.
Jan 24, 2020
Journal Article
Learning Versus Stealing: How Important Are Market-Share Reallocations to India's Productivity Growth?
Our findings, which suggest that "learning" is more important than "stealing" over the 1985 through 2004 period, are consistent with the most recent literature on heterogeneous firms.
Sep 19, 2018
Research Brief
China Belt and Road Initiative: How revival of the silk road could impact world trade
By using both qualitative and quantitative analysis, this study found improving transportation multimodal connectivity has a positive impact on multilateral trade across countries and regions along China Belt and Road Initiative.
Aug 21, 2018

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RAND Topic:
Econometric Models

Topic Synonyms:
Econometric Modeling

Researcher Spotlight

Zudik Hernandez

Research Assistant

Zudik Hernández is a defence, security and infrastructure research assistant at RAND Europe. His work focuses on a broad range of topics such as the implications of climate change on the UK defence and security processes and policy decisions, economic characteristics of the military industry,…
Matthew D. Baird

Adjunct Economist

Matthew Baird is an adjunct economist at the RAND Corporation. He was co-director of the Center for Causal Inference from 2018-2022, and a professor at the Pardee RAND Graduate School from 2018-2022. His research focuses primarily on understanding labor markets and education policy to improve…

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