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

  • Infographic

    Infographic

    Estimating the Economic Benefits of Levant Integration: A Look at the Numbers

    This infographic helps users assess values of economic integration in the Levant in a variety of ways.

    Feb 24, 2020

  • Announcement

    Announcement

    New RAND Center to Analyze Options for U.S. Grand Strategy

    RAND is launching the Center for Analysis of U.S. Grand Strategy to advance the debate on American foreign policy by tackling key unresolved theoretical, empirical, and policy questions. The center will address analytical gaps so that policymakers may consider fully developed options for U.S. grand strategy.

    Feb 12, 2020

  • Zimbabwe's President Emmerson Mnangagwa is escorted by a guard of honour as he arrives for Independence Day celebrations in Harare, Zimbabwe, April 18, 2019, photo by Philimon Bulawayo/Reuters

    Commentary

    Little Has Changed in Post-Mugabe Zimbabwe

    After decades in power, President Robert Mugabe of Zimbabwe was toppled via a military coup in November 2017. His successor Emmerson Mnangagwa promised a break from Mugabe's authoritarian rule and economic mismanagement. After two years in power, to what extent has Mnangagwa delivered on his promises? In short, it's bleak.

    Feb 7, 2020

  • Zimbabwean President Emmerson Mnangagwa addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, September 25, 2019, photo by Eduardo Munoz/Reuters

    Report

    Has Zimbabwe Changed Since Mugabe's Overthrow?

    After 37 years in power, President Robert Mugabe of Zimbabwe was toppled via a military coup in November 2017. His successor and former vice president, Emmerson Mnangagwa, promised a break from authoritarian rule and economic mismanagement. Has he delivered?

    Feb 6, 2020

  • Research Brief

    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

  • Blog

    Community Schools, Brexit, Coronavirus: RAND Weekly Recap

    This weekly recap focuses on the promise of community schools, the costs of uncertainty after Brexit, the coronavirus, and more.

    Jan 31, 2020

  • Cars on a Belt and Road Initiative highway, Almaty, Kazakhstan, June 16, 2017, photo by Kim Vermaat/Getty Images

    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

  • Icebergs and ice in the Arctic Sea, photo by Explora_2005/Getty Images

    Commentary

    Today's Arctic Diplomacy Can't Handle Tomorrow's Problems

    The international structures that have helped address many Arctic problems through negotiation and cooperation are insufficient for the military and security challenges brought on by climate change. A new forum is needed to address military and security issues in the region.

    Jan 29, 2020

  • U.S. and China flags inside gears with a third gear with a question mark inside, photo by

    Commentary

    The Real U.S.-China Competition: Theories of Influence

    Strategic competition between the United States and China has come to dominate U.S. foreign policy debates. That competition is multifaceted, but it may turn on a basic question: Which country has a more sustainable concept of national influence?

    Jan 29, 2020

  • British and European Union flags in a cloudy sky, photo by themotioncloud/Getty Images

    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

  • Blog

    Australia's Fires, Artificial Intelligence, Fentanyl: RAND Weekly Recap

    This weekly recap focuses on Australia's devastating fires, how artificial intelligence could manipulate the masses, the fentanyl crisis, and more.

    Jan 24, 2020

  • An Anti-Brexit protester demonstrates outside the Houses of Parliament in London, Britain, June 26, 2019, photo by Hannah McKay/Reuters

    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

  • Visualization of network graph, image by Jonathan William Welburn/RAND Corporation

    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

  • Report

    Report

    Relationships between the economy and national security: Analysis and considerations for economic security policy in the Netherlands

    This study examines the relationship between the economy and national security in the Netherlands, with a focus on the characteristics and performance of the Dutch economy and the consequences of this for its national security.

    Jan 14, 2020

  • Security personnel stand guard near a "Golden Bridge on Silk Road" decoration for the Belt and Road Forum outside the China National Convention Center in Beijing, China, April 25, 2019, photo by Jason Lee/Reuters

    Commentary

    China's Footprint in Europe

    Tensions between Washington and Brussels may be helping China find a more receptive audience for its Belt and Road initiative. One of the central challenges for the United States and Europe will be to forge a more united approach to China's resurgence.

    Jan 13, 2020

  • Journal Article

    Journal Article

    Exploring the Use of a General Equilibrium Method to Assess the Value of a Malaria Vaccine: An Application to Ghana

    A general equilibrium method was used to quantify the potential impact of a malaria vaccination on the wider economy, using Ghana as an example. Results suggest investing in improving childhood health by vaccinating could have macroeconomic benefits.

    Jan 9, 2020

  • Periodical

    Periodical

    RAND Review: January-February 2020

    Feature stories spotlight research on America's fentanyl crisis and new approaches to clinical guideline development. The Commentary column features terrorism expert Colin Clarke on the threat of white supremacists in the United States.

    Jan 6, 2020

  • North Korean leader Kim Jong Un speaks during the 5th Plenary Meeting of the 7th Central Committee of the Workers' Party of Korea (WPK) in this undated photo released on December 28, 2019, photo by KCNA/Reuters

    Commentary

    North Korea: Selling Political Deception

    Why did Kim Jong-un substitute releasing the North Korean Workers' Party Plenary report instead of his traditional New Year's address? As with many things in North Korea, we do not know, forcing us to speculate.

    Jan 3, 2020

  • Chinese President Xi Jinping speaks at the opening ceremony of the second China International Import Expo (CIIE) in Shanghai, China, November 5, 2019, photo by Aly Song/Reuters

    Commentary

    What to Expect from China in 2020

    Last year was an eventful one in China, with U.S.–China trade tensions escalating, protests in Hong Kong reaching a crisis point, and President Xi Jinping further consolidating power. What might the rest of the world expect from China in 2020?

    Jan 3, 2020

  • The national flag of Taiwan on a large number of metal containers for storing goods stacked in rows on top of each other. Conception of storage of goods by importers, exporters, photo by Sova Vitalij/AdobeStock

    Journal Article

    Trade Relations Between Taiwan and South Asia Under the New Southbound Policy

    This paper provides an assessment of Taiwan's global status as an economy, to discover where its global comparative advantages lie, then assesses its economic relations with South Asia.

    Dec 13, 2019