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

    Mar 18, 2021

    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.

  • 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

    Apr 30, 2021

    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.

Explore Economics

  • Tool

    Tool

    The Levant Economic Integration Calculator

    This online tool allows policymakers and the public to examine how a comprehensive free trade agreement among the countries of the Levant could create significant new economic opportunities, substantially reducing regional unemployment.

    Sep 16, 2019

  • Globe map on grunge texture, photo by caracterdesign/Getty Images

    Commentary

    Time to Return to the Basics of Statecraft

    After two decades of setbacks abroad, it's time to ask whether the decline in American influence is irreversible. Ultimately, neither China nor Russia is responsible for these difficulties. Washington's failures have been self-inflicted, the result of flawed policy rather than any decisive shift in the global balance of power.

    Sep 4, 2019

  • U.S. Secretary of State Mike Pompeo, Micronesia President David Panuelo, Marshall Islands President Hilda Heine, and Palau's Vice President Raynold Oilouch hold a news conference, Kolonia, Micronesia, August 5, 2019, photo by Jonathan Ernst/Reuters

    Commentary

    Maintaining the U.S. Edge in the Freely Associated States

    In the geo-strategically vital region of the Freely Associated States (FAS), China is increasingly competing with the United States for influence. The United States and its allies and partners will need to engage not only with economic aid, but also with other issues including health, economic development, natural disasters, climate change and illegal fishing to sustain a strong partnership with the FAS.

    Sep 3, 2019

  • Blog

    Drug Spending, Back to School, Korean Unification: RAND Weekly Recap

    This weekly recap looks at illegal drug spending, the problem of waking up early for school, possible paths toward Korean unification, and more.

    Aug 23, 2019

  • Shipping containers at the port in San Pedro, California, March 22, 2018, photo by Bob Riha Jr./Reuters

    Commentary

    Trump's Tariffs Against China Aren't Working. And There's No Quick Resolution in Sight

    Washington's go-it-alone approach to its trade disputes with China is imposing a high and growing cost on the U.S. economy. It could even threaten global prosperity. What's more, there's no quick resolution in sight.

    Aug 20, 2019

  • A typical communist style statue in the capital city of North Korea, photo by alexkuehni/Getty Images

    Commentary

    Searching for Signs of Doi Moi in North Korea

    President Trump's second summit with Kim Jong Un prompted voluminous commentary about whether Pyongyang might adopt the “Vietnam model” of economic reform and opening up, known as doi moi. Some version of doi moi is not impossible in North Korea, but it will likely be more difficult than it was in Vietnam and made all the more so by Kim's reluctance to risk losing absolute control.

    Aug 12, 2019

  • Journal Article

    Journal Article

    Business Cycles and Admissions to Substance Abuse Treatment

    The relationship between business cycles and health is theoretically complex. In a seminal paper, Ruhm (2000) outlined a series of economic mechanisms through which business cycles may influence health.

    Aug 6, 2019

  • Aerial view of islands in Palau, photo by Lightning Strike Pro/Adobe Stock

    Report

    America's Pacific Island Allies

    Micronesia, the Marshall Islands, and Palau are subject to growing Chinese influence. U.S. funding to and engagement with these Pacific Island nations are key to America's defense and foreign policy goals.

    Aug 6, 2019

  • Two king chess pieces with United States and China flags, photo by MicroStockHub/Getty Images

    Commentary

    Yes, Sam Huntington Has Insights to Guide U.S. Competition with China

    Many U.S. observers believe that the United States is declining relative to China. The United States' long-term competitiveness will be served neither by assuming that China is fated to collapse on account of its internal contradictions nor by presuming that it is destined to preside over a world order with Chinese characteristics. Sustainable strategy requires a measured disposition.

    Jul 25, 2019

  • Boris Johnson arrives at the Conservative Party headquarters after being announced as Britain's next prime minister, London, July 23, 2019, photo by Toby Melville/Reuters

    Commentary

    A Challenging Moment for Boris Johnson

    As Britain's next prime minister, Boris Johnson will bring advantages, and disadvantages, in seeking to lead the United Kingdom through a period as challenging as the Suez Crisis or (perhaps) the darkest days of World War II.

    Jul 23, 2019

  • Blog

    Youth Sports, Autonomous Vehicles, Mental Health: RAND Weekly Recap

    This weekly recap focuses on why low-income children aren't playing sports, who's liable when autonomous vehicles get hacked, supporting children with mental health issues, and more.

    Jul 19, 2019

  • White prescription pills on a U.S. $100 bill, photo by Stuart Ritchie/Getty Images

    Commentary

    Price-Fixing Case Reveals Vulnerability of Generic Drug Policies

    A massive lawsuit filed by 44 states accuses 20 major drug makers of colluding to inflate prices on more than 100 generic drugs, including HIV, cancer, and depression treatments. If these allegations are true, then this isn't just a violation of antitrust law. It's a betrayal of the policies that created and defended the entire generic drug industry.

    Jul 15, 2019

  • Blog

    Truth Decay, Principals, Augmented Reality: RAND Weekly Recap

    This weekly recap focuses on media literacy education as a way to fight "Truth Decay," turning screen time into outdoor time, the importance of school principals, and more.

    Jul 12, 2019

  • White House senior adviser Jared Kushner arrives for the U.S.-hosted “Peace to Prosperity” conference, in Manama, Bahrain, June 25, 2019, photo by Matt Spetalnick/Reuters

    Commentary

    Development with No Political Framework Is a Car Without an Engine

    Pushing an economic development plan for the Middle East without addressing the political issues specific to the Israeli-Palestinian conflict is like trying to sell a car without an engine. Why? Because an economic strategy that doesn't address core political issues would have no governing entity to put it into effect.

    Jul 9, 2019

  • A person in pajamas and slippers walking to the bathroom at the night, photo by Sergey Dogadin/Getty Images

    Commentary

    Waking Up to the Costs of Nocturia

    Nocturia is a troublesome lower urinary tract condition that causes people to wake up two or more times a night to empty their bladder. Researchers calculated the overall economic cost associated with nocturia in a working-age population across six countries.

    Jun 18, 2019

  • Report

    Report

    "The Project May Serve the Nation — But What About Us, Who Live Here?": Villagers' Views of the Dawei Special Economic Zone, an Internationally Funded Infrastructure Project in Myanmar

    To gain a better understanding of how foreign infrastructure investment in Myanmar may affect local communities, RAND researchers conducted a survey of 250 residents of communities near the Dawei Special Economic Zone.

    Jun 4, 2019

  • Game pieces on stacks of varying height, photo by Tero Vesalainen/Getty Images

    Commentary

    This Is Not a Great-Power Competition

    The emerging conventional wisdom among foreign policy analysts in Washington is that a new era of great-power competition is upon us. But does that phrase really capture today's reality?

    May 29, 2019

  • Journal Article

    Journal Article

    External Threat, Internal Rivalry, and Alliance Formation

    Coalitions of rivals, while formidable against common threats, may find it difficult or impossible to avoid struggles among themselves even if they share an enemy.

    May 15, 2019

  • Scales, money, magnifying glass, and books

    Report

    Tool Created to Help Multinational Companies Assess Risk of Bribery When Doing Business in Foreign Countries

    Corruption can hinder global business investment — particularly in emerging markets — but multinational companies often have difficulty assessing the business bribery risk in other countries. A new tool, called the TRACE Matrix, can help.

    May 13, 2019

  • Russian President Vladimir Putin, Chinese President Xi Jinping, and Egypt's President Abdel-Fattah el-Sisi at the 2017 BRICS Summit in Xiamen, China, September 5, 2017, photo by Kenzaburo Fukuhara/Reuters/Pool

    Testimony

    Russia and China in the Middle East: A New Era of Strategic Competition

    Increased Russian and Chinese engagement in the Middle East in recent years underscores that America is in a new period of strategic competition. To prevail, the United States needs to have a vibrant and productive economy, to protect the international order, and to invest in its network of allies and partners.

    May 9, 2019