Economics

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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.

  • Israel's Prime Minister Benjamin Netanyahu, U.S. President Donald Trump, and UAE Foreign Minister Abdullah bin Zayed sign the Abraham Accords in Washington, September 15, 2020, photo by Tom Brenner/Reuters

    Report

    The Abraham Accords Could Have Wide-Reaching Economic Benefits

    The Abraham Accords between Israel and Muslim nations represent a possible new chapter in the region's development—away from conflict and toward a shared vision of economic prosperity. Israel's partners could gain 150,000 new jobs. And that could grow to 4 million new jobs over a decade if other nations join.

    Mar 18, 2021

  • Game pieces atop stacks of coins of various heights, depicting income inequity, photo by Andrii Zastrozhnov/Getty Images

    Research Brief

    A New Approach to Measuring Income Inequality

    A new method for measuring income inequality reveals that, from 1975 to 2018, the only group for which actual income gains exceeded U.S. GDP growth was the group near the 99th percentile of income distribution.

    Apr 30, 2021

Explore Economics

  • Brochure

    Brochure

    Spotlight 2022–2023

    The events of 2022 underscore the continuous nature of change and the constant need for policy informed by evidence. Spotlight 2022-2023 highlights selected projects that we undertook in our 30th anniversary year to address some of today's most pressing policy issues.

    Jan 24, 2023

  • Images in a circle, cover image of RAND: Making a Difference

    Brochure

    RAND: 75 Years of Making a Difference

    To commemorate its 75th anniversary, RAND took a closer look at some of its most influential research. The selections in this volume demonstrate RAND's positive—and enduring—contributions in addressing some of the world's most challenging problems.

    Jan 19, 2023

  • U.S. President Joe Biden and Secretary of State Antony Blinken attend the ASEAN summit in Phnom Penh, Cambodia, November 12, 2022, photo by Cindy Liu/Reuters

    Commentary

    Biden's Southeast Asia Policy Improves in Second Year, but Still Much to Do

    In 2022, the Biden administration stepped up its game in Southeast Asia by showing up in person, clarifying its approach in key strategy documents, and boosting cooperation. But one obvious problem that remains is that it still has no real economic strategy to counter China in the region.

    Jan 10, 2023

  • Members of China's research team setting up an ocean profiling float near the icebreaker Xuelong in the Arctic Ocean, August 18, 2016, photo by Wu Yue/Xinhua/Alamy

    Report

    China's Growing Role in the Arctic

    China has become a player in the Arctic region, engaging in economic, scientific, cultural, diplomatic, and military activities. What security risks do China's investments pose, and what could the United States and its partners do to mitigate undesirable Chinese involvement in the region?

    Dec 23, 2022

  • Report

    Report

    Evaluatie rijksbrede Brexit-inzet van de Nederlandse overheid: Eindrapport: [Evaluation of the Dutch government's efforts to prepare for Brexit]

    Evaluation of how the Netherlands determined its position in the Brexit negotiations between the EU and the UK, to what extent the Dutch government sufficiently prepared for its consequences, and whether public expenditures were effective.

    Dec 19, 2022

  • A soldier's hands on a battery, photo by Staff Sgt. Sarah M. McClanahan/U.S. Air Force

    Report

    Critical Material Supply Chains Should Be More Resilient

    The COVID-19 pandemic and Russian invasion of Ukraine highlight the vulnerabilities of supply chains that are dependent on foreign inputs. How can the U.S. Department of Defense increase the resilience of its supply chains for materials essential to national security?

    Dec 15, 2022

  • The Nobel certificate and medal is seen on the empty chair where Nobel Peace Prize winner jailed Chinese dissident Liu Xiaobo would have sat, near a portrait of Liu, at Oslo City Hall, December 10, 2010, photo by Heiko Junge/Scanpix Norway/Reuters

    Report

    How to Counter China's Economic Pressure Campaigns

    China's rise has been accompanied by belligerent use of its economic leverage to shape the political and strategic decisions of other countries. The United States could help its treaty allies and partners—and the international system more broadly—by organizing a multilateral response.

    Dec 14, 2022

  • RAND Weekly Recap

    Blog

    The Racial Wealth Gap, the Effects of Long COVID, Teacher Diversity: RAND Weekly Recap

    This weekly recap focuses on understanding the racial wealth gap, why long COVID may threaten the U.S. economy, what prevents people of color from becoming and staying teachers, and more.

    Dec 9, 2022

  • Illustrations of a black man and a tree representing wealth, illustration by Pete Soriano, from Atlas Illustrations and dar/Adobe Stock

    Report

    Overcoming Compound Racial Inequity

    Differences in Black and white Americans' economic status show how the harms of the past—slavery, segregation, discrimination—live on in the present. Could wealth allocations help to close the racial wealth gap?

    Dec 7, 2022

  • Japan Aerospace Exploration Agency's Kibo laboratory module is shown attached to the International Space Station

    Multimedia

    The Future of Space Cooperation Between the U.S. and Japan

    Over two days in March 2022, experts from the United States and Japan presented their vision for the future of space science and exploration, cooperation between the U.S. and Japan, and the future space economy.

    Dec 7, 2022

  • Journal Article

    Journal Article

    'Security Is a Prerequisite for Development': Consensus-Building Toward a New Top Priority in the Chinese Communist Party

    Chinese Communist Party leaders conducted an internal debate over whether economic development should remain the Party's top priority. As of 2020, the Party embraced a new guiding principle elevating security interests alongside economic growth.

    Dec 7, 2022

  • A pedestrian passes a help wanted sign in the door of a hardware store in Cambridge, Massachusetts, July 8, 2022, photo by Brian Snyder/Reuters

    Commentary

    How COVID-19 Transformed the Jobs Market

    The COVID-19 pandemic initially devastated the U.S. economy. It also exposed and exacerbated existing inequities in society. But in as yet unpredictable ways, it may have accelerated profound changes in how labor works today.

    Dec 1, 2022

  • Railway workers repair the tracks damaged by Russian shelling in the northern direction, Kharkiv Region, northeastern Ukraine, November 25, 2022, photo by Vyacheslav Madiyevskyy/Ukrinform/Abacapress.com via Reuters

    Commentary

    Politics of Ukrainian Reconstruction

    When fighting subsides, Ukraine may undergo reconstruction on the scale of the post–World War II Marshall Plan. Debate is ramping up about core issues, such as the scope of reconstruction, sources of funding, and reforms needed for success. Ukraine and the West might begin now to forge consensus on these issues.

    Nov 30, 2022

  • Three drones are set up at Al Asad Air Base, Iraq, August 10, 2020, photo by Spc. Khalil Jenkins/U.S. Army

    Report

    A New Era of Major-Power Competition

    While there is a general consensus that the United States is now in a new era of strategic competition with China and Russia, there is not yet a clear understanding of what that means or what forms it could take. How can the United States best position itself to succeed?

    Nov 30, 2022

  • Journal Article

    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

  • Visitors to the ASML booth during the 5th China International Import Expo in Shanghai, China, November 7, 2022, photo by CFOTO/Sipa USA via Reuters Connect

    Commentary

    Export Controls Give ASML and the Netherlands an Opportunity to Lead by Example. Will They Take It?

    Dutch tech company ASML makes the complex machines required to construct advanced microchips, and it sells many of these machines to China. Harmonization of export controls between the United States and the Netherlands could limit China's development of military technologies and its human rights abuses.

    Nov 28, 2022

  • People gather around remains of a military plane at the site where it crashed into a residential building in the city of Irkutsk, Russia, October 23, 2022, photo by Stringer/Reuters

    Commentary

    Russian Aircraft Keep Crashing. Could Sanctions Be the Cause?

    At least six fixed-wing Russian aircraft have crashed over Russian-controlled airspace since September. Sanctions placed on Russia by the West could well be affecting Russia's ability to manufacture and maintain parts needed to keep aircraft safe.

    Nov 22, 2022

  • Journal Article

    Journal Article

    Incentives and Reminders to Improve Long-term Medication Adherence (INMIND): Protocol for a Pilot Randomized Controlled Trial

    This study aims to test the feasibility, acceptability, and preliminary efficacy of a novel intervention that uses SMS text messages and conditional incentives to support ART initiators in establishing pill-taking habits.

    Nov 22, 2022

  • U.S. President Joe Biden delivers remarks at the U.S.- Pacific Island Country Summit at the State Department in Washington, D.C., September 29, 2022, photo by Jonathan Ernst/Reuters

    Commentary

    America's Pacific Island Summit: The Good, the Bad, and the Ugly

    The United States hosted its first Pacific Islands Summit in September. Pacific Island leaders and observers from over a dozen states participated in the event and pledged to jointly tackle various challenges. But this historic summit was hardly an absolute success, and should be put within its proper context.

    Nov 7, 2022

  • Russian Su-35 fighter aircraft taking part in an exercise after taking off from an airfield in Brest, Belarus, February 11, 2022, photo by Ministry of Defense of the Russian Federation/Reuters

    Commentary

    Russia's Su-35: Are Its Military Aircraft Exports Headed for a Fall?

    Squeezed by sanctions and pressed to replace equipment destroyed in Ukraine, Russia's aerospace sector isn't likely to have combat aircraft to sell, even if it wants to. If purchasing countries start to change their minds and invest in drones and other less-expensive precision guided munitions, the market for Russian combat aircraft might start to rapidly decline.

    Oct 20, 2022