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Economic Analysis Methodology

Research Brief

Assessing China's Defense Industrial Base

What are the systemic strengths and vulnerabilities of China's defense industrial base? A comparative systems analysis looks at six key categories: economics; governance and regulations; raw materials; manufacturing; workforce, labor, and skills; and research, development, and innovation.

Feb 11, 2022
Report

Assessing Systemic Strengths and Vulnerabilities of China's Defense Industrial Base: With a Repeatable Methodology for Other Countries

The authors assess the strengths and vulnerabilities of China's defense industrial base (DIB) by designing and applying a comparative analytic structure that could be used to assess any country's DIB.

Feb 11, 2022
Journal Article

Synthetic Control Estimation Beyond Comparative Case Studies: Does the Minimum Wage Reduce Employment?

A synthetic control estimator is generalized to estimate parameters associated with multiple discrete or continuous explanatory variables, which are then applied to study the disemployment effects of the minimum wage.

Oct 1, 2021
Journal Article

Translating Economic Evaluations Into Financing Strategies for Implementing Evidence-Based Practices

We use three case examples to illustrate the importance of implementation financing strategies, which secure and direct funds to support Evidence-Based Practices adoption and continued use.

Jul 14, 2021
Report

Weighing the Costs of GPS Disruption and Developing Backup Capabilities

The Global Positioning System (GPS) has a key role in national positioning, navigation, and timing (PNT), but it is far from the only source of capability for PNT. Would national investment in GPS backup capabilities be warranted, given the potential threats to its functioning?

May 17, 2021
Report

The Army's Local Economic Effects: 2nd Edition

This report updates a previous report with findings on the economic activity supported by national-level Army spending in each of the 435 congressional districts for fiscal years 2014 through 2017.

Mar 8, 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
Commentary

Too Interconnected to Fail

The 2007–08 financial crisis made regulators and lawmakers acutely aware that some financial institutions had become too big to fail. The next big economic crisis may arise outside the financial sector, in highly networked companies that are too interconnected to fail.

Aug 22, 2020
Q&A

Balancing Public Health and Economic Effects of Physical Distancing: Q&A with Jonathan Welburn

Jonathan Welburn, an operations researcher at RAND, has spent years studying how economic shocks ripple outward like a contagion through the economy. He recently helped develop an online tool that policymakers can use to manage the health and economic effects of COVID-19 interventions.

Jul 13, 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
Research Brief

Systemic Risk: It's Not Just in the Financial Sector

After a decade of focus on financial firms, new analysis using an innovative approach and new dataset shows that firms in a diverse range of sectors, such as technology and telecommunications, pose a systemic risk to the economy at large.

Feb 3, 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
Report

Systemic Risk in the Broad Economy

After the 2008 financial crisis, research and policy focused on the risk that heavily interconnected networks could fuel the spread of economic crises—a problem known as systemic risk. A new analysis considers systemic risk in other sectors like technology, telecommunications, and health care.

Jan 21, 2020
Journal Article

When Antibiotics Fail: The Expert Panel on the Potential Socio-Economic Impacts of Antimicrobial Resistance in Canada

Researchers examined the current impacts of AMR on Canada's healthcare system, the future impact on Canada's GDP, and how widespread resistance could influence the day-to-day lives of Canadians.

Nov 21, 2019
Report

A More Physically Active Population Could Increase GDP by Billions

Exercise affects workplace performance, longevity, and the economy. If people walked just an extra 15 minutes each day, the world economy could grow by about $100 billion a year. Gains are attributed to improved productivity and reduced mortality rates, sick leave, and health care costs.

Nov 5, 2019
Journal Article

Estimates of Law Enforcement Costs by Crime Type for Benefit-Cost Analyses

This paper generates state-level, crime-specific, average variable cost estimates for crime-response services conducted by police by crime type.

Apr 19, 2019
Report

Can a Wellness Program Incentivize Exercise with an Apple Watch?

Discovery Insurance offers customers the opportunity to receive an Apple Watch up front, with repayment dependent on their level of physical activity. Compared with a traditional wellness incentive program, this option was associated with higher physical activity levels that persist over time.

Nov 27, 2018

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