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.

  • A container is loaded on to the first Chinese container ship to depart after the inauguration of the China Pakistan Economic Corridor port in Gwadar, Pakistan November 13, 2016

    Commentary

    China's Field of Dreams in Pakistan

    China is four years into joint planning and construction of the China-Pakistan Economic Corridor, from Kashgar, China to the Pakistani port of Gwadar. What are the benefits for China and Pakistan and what do they mean for future growth in the region?

    Oct 16, 2017

  • Journal Article

    The Brutal Politics of China's Economic Overhaul: What Xi Can Learn from FDR

    If China succeeds in overcoming vested interests that oppose reform, Xi will have overseen a dramatic transformation of the country's economic and political institutions as well as reconfigured politics in a lasting manner evocative of FDR's impact.

    Oct 11, 2017

  • Report

    Digital currency: Transacting and value exchange in the digital age

    The report gives an overview of expert discussions on trends in the use of digital transaction platforms and cryptocurrencies, and the implications for the wider economic, financial and social landscape.

    Oct 11, 2017

  • Arctic waters

    Commentary

    Policy Challenges in the Arctic: Q&A with Abbie Tingstad

    Abbie Tingstad discusses how the opening of the Arctic by climate change could strain relationships among Arctic nations, how these changes will affect indigenous communities, and what to make of Russia's military buildup in the region.

    Oct 6, 2017

  • A woman walks past the elderly care department of Ulster Hospital in Belfast, Northern Ireland, June 27, 2017

    Commentary

    New Options for Funding the NHS and Social Care in the UK: What Can We Learn from International Experiences?

    International experiences show the complexity of policy choices around funding health and social care. What models are most feasible and appropriate to fund the UK's health and social care systems, both among policymakers and the public?

    Oct 5, 2017

  • Saudi Arabia's King Salman (L) speaks with Russian Deputy Prime Minister Dmitry Rogozin (R) during a welcoming ceremony upon his arrival in Moscow, Russia, October 4, 2017

    Commentary

    King Salman and Putin Deals Leave the U.S. Out in the Cold

    Riyadh plans to invest in Russian energy assets and possibly arms. The deals will lead to the manufacture of arms in Saudi Arabia and likely the transfer of military technology. These agreements thwart the U.S.- and EU-led sanctions regime and send an important signal to Washington.

    Oct 4, 2017

  • Father and baby asleep

    Commentary

    How Young Kids Causing Sleepless Nights Drove Me to Sleep Research

    Parenting is one reason people don't get enough sleep. Insufficient sleep impacts the economy because it is linked to lower productivity at work and decreased academic performance among children. Also, sleep-deprived people have a higher risk of dying, such as in a car accident.

    Oct 3, 2017

  • An F/A-18 Super Hornet lands on the deck of the USS Ronald Reagan in the South China Sea, September 30, 2017

    Report

    Risk of U.S.-China Conflict Should Not Be Ignored or Exaggerated

    Armed conflict between the United States and China isn't likely. But the possibility is real enough to warrant prudent policies and effective deterrence. America should continue to support China's neighbors while drawing Beijing into cooperative security endeavors.

    Oct 2, 2017

  • News Release

    Nation's Public Cord Blood Banks Provide Benefits, Despite Drop in Use

    The nation's public umbilical cord blood banks provide benefits that far outweigh their costs and should continue to receive federal support, even though use of cord blood stem cells from the banks has been declining.

    Sep 29, 2017

  • Medical staff member checking a blood bag

    Report

    Public Cord Blood Banks Provide Benefits Despite Drop in Use

    U.S. umbilical cord blood banks are a valuable resource for patients and the research community. Their benefits far outweigh their costs, and they should continue to receive federal support. There are strategies available to strengthen public cord banks and broaden their usefulness.

    Sep 29, 2017

  • Doctor inspecting a blood bag

    Research Brief

    Public Cord Blood Banks: Worthy of National Investment

    RAND studied trends affecting public cord blood banks and considered changes to the program to buttress banks' financial stability. Researchers found a system worthy of investment, especially if it helps improve the quality of the national inventory.

    Sep 29, 2017

  • Man yawning at a desk in an office

    Commentary

    Why Sleep Matters to the World's Bottom Line

    Sleep and sleep loss matters to all aspects of society, from an individual's health to the success of the global economy. Insufficient sleep costs five of the largest economies more than half a trillion dollars per year, but improving sleeping habits and duration can have major impacts.

    Sep 27, 2017

  • Senator Bernie Sanders speaks during an event to introduce the Medicare for All Act of 2017 on Capitol Hill in Washington, D.C., September 13, 2017

    Commentary

    Savings from a Single-Payer Health System Would Not Be Automatic

    Polls have shown increasing public support for a single-payer system in the United States. Yet there is no agreement on how to set up and pay for a single-payer system or even how much it would cost.

    Sep 26, 2017

  • Journal Article

    Synergies Between the Objectives Set Out in the Annual Growth Survey and the Contribution of the EU Budget and National Budgets

    This study examines synergies between the objectives of the Annual Growth Survey (AGS) and EU and national budgets. It also assesses the impact of the guidance provided by the AGS and country-specific recommendations on national budgets with a view to supporting policies enhancing economic growth..

    Sep 26, 2017

  • Sen. Bill Cassidy (R-LA), accompanied by Sen. Lindsey Graham (R-SC), Sen. Roy Blunt (R-MO), Sen. John Barrasso (R-WY) and Senate Majority Leader Mitch McConnell, speaks with reporters following the party luncheons on Capitol Hill in Washington, U.S., September 19, 2017.

    Commentary

    Do Americans Expect Too Much from Health Insurance?

    Americans expect affordable coverage for pre-existing conditions, access to routine services, and protection from unpredictable and significant financial risk from accidents or illness. As a product designed primarily for risk protection, insurance may not be the most efficient or affordable approach to achieving all of these objectives.

    Sep 23, 2017

  • Report

    Wanxiang Innovation Energy Fusion City: Recommendations for Developing an Innovation Cluster

    RAND authors develop a mission statement and recommend policies to help achieve the Wanxiang Group's vision of developing the Wanxiang Innovation Energy Fusion City into an innovative cluster built around smart and green automotive technologies.

    Sep 20, 2017

  • News Release

    Satellite Imagery Analysis Reveals Economic Decay Within Islamic State

    The Islamic State contributed to a 23 percent reduction in the GDP of cities under its control, based on novel applications of satellite-derived data. Over the course of its peak territorial control and decline through mid-2016, the economy of the Islamic State showed clear signs of decay across multiple sectors.

    Sep 13, 2017

  • A color-coded image showing the Normalized Difference Vegetation Index (NDVI) measured around Raqqah, Syria, including the city's border

    Project

    When the Islamic State Comes to Town: Iraq and Syria from Space

    Using satellite imagery and a novel analytic approach, RAND experts developed a fine-grained, data-driven assessment of economic life inside ISIL's caliphate.

    Sep 13, 2017

  • Russian President Vladimir Putin and Belarusian President Alexander Lukashenko walk to watch the closing stage of the joint war games Zapad-2013 (West-2013) at the Gozhsky firing range in Grodno, September 26, 2013

    Commentary

    Joint Military Exercises Distract from Complex Russia-Belarus Relationship

    Analysts and military leaders have concerns that Russia will use the Zapad 2017 exercise in Belarus as a smokescreen to put personnel and equipment in place, and keep it there. But the deep ties and history of cooperation between the two states make the chances of that happening unlikely.

    Sep 13, 2017

  • A man and a boy ride a bicycle past a damaged mosque along a deserted street filled with debris in Deir al-Zor, Syria, March 5, 2014

    Report

    ISIL's Negative Economic Impacts on Iraq and Syria

    The Islamic State reduced the GDP of cities under its control by 23 percent. The group was able to maintain stable conditions in parts of Mosul and Raqqah, but conditions elsewhere deteriorated under poor governance and an inability to defend its territory from military opposition.

    Sep 13, 2017