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

  • Chess pieces with U.S. and China flags superimposted on world map background

    Commentary

    Is This the Beginning of a New Cold War?

    It has become increasingly common for observers of world affairs to contend that the United States and China have either entered into or are poised to embark on a new Cold War. While the contours of a long-term contest between Washington and Beijing are undoubtedly forming, especially in the economic realm, the analogy is problematic.

    Dec 12, 2018

  • British Prime Minister Theresa May meets with European Commission President Jean-Claude Juncker to discuss Brexit, at the European Commission headquarters in Brussels, Belgium, December 11, 2018

    Commentary

    The UK Can't Have Its Brexit Cake and Eat It Too

    If the UK wishes to negotiate free-trade deals around the world, it has to either rebuild a border in Ireland or put up a customs border between Northern Ireland and the rest of the UK. If it crashes out of the EU with no agreement, the economic costs are the highest and border chaos is likely.

    Dec 11, 2018

  • The Ilyushin Il-96 aircraft transporting expelled Russian diplomats and their family members from the U.S., shortly after landing at Vnukovo airport outside Moscow, Russia, April 1, 2018

    Commentary

    Effective Responses to Russian Misbehavior

    Sanctions on Russians can be a powerful and effective tool, but in some cases there is a risk of spillover damage to other United States interests. It is worth considering whether America's interests may be best served by ensuring that penalties applied to Russia for misbehavior hit home against those responsible for it.

    Nov 20, 2018

  • Japan's Prime Minister Shinzo Abe addresses the 73rd session of the United Nations General Assembly at the U.N. headquarters in New York, September 25, 2018

    Commentary

    Japan's Chance to Shine?

    Japan may never be a global leader in a way comparable to the United States. But Tokyo does have the power to provide leadership that will sustain key elements of the crumbling international order.

    Oct 30, 2018

  • Journal Article

    Journal Article

    Conservation Geopolitics: Envisioning the Future of the 'Belt & Road Initiative' in the Mountains of Central Asia

    China's Belt and Road Initiative offers Central Asia opportunity for rapid economic development through transport corridors. For such development to be sustainable, policy needs to focus on critical goals such as climate action and water resilience.

    Oct 30, 2018

  • Senator Bernie Sanders (I-VT) speaks during an event to introduce the Medicare for All Act of 2017 on Capitol Hill in Washington, September 13, 2017

    Commentary

    Misconceptions About 'Medicare for All'

    Medicare for All is a talking point for both major U.S. political parties. Would it be free? Would people have to switch doctors? Would waits be long? Misconceptions abound about single-payer proposals and their likely effects. Here are the facts.

    Oct 26, 2018

  • Customer service reps in call center

    Journal Article

    The Services Sector in India

    Article shows that India's services sector has remained low value-added for years. It recommends that value-added services be linked to the manufacturing sector through public policy to enhance the contribution of services to economic growth.

    Oct 26, 2018

  • News Release

    News Release

    Complex and Rapidly Changing Payment Models Challenge Physician Practices

    Physician payment models are becoming more complex and the pace of change is increasing, creating challenges for physician practices that might hamper their ability to improve the quality and efficiency of care despite their willingness to change.

    Oct 24, 2018

  • Stethoscope on top of an open notebook and cost sheets, pen in the foreground

    Research Brief

    The Effects of Alternative Payment Models on Physician Practices: Follow-Up Study

    Physician practice engagement with alternative payment models (APMs) would be enhanced by simpler APMs, a slower pace of change, greater support for new capabilities and timely data, and reexamination of practice response to APMs with financial risk.

    Oct 24, 2018

  • A doctor approaching a maze

    Report

    Physicians Struggle to Keep Up with Changing Payment Models

    Alternative payment models cause administrative burdens that take doctors away from patient care. Slowing the rate of change and simplifying payment models could help them focus on patients. And getting physicians' input on the design of new payment methods might improve their engagement.

    Oct 24, 2018

  • Imran Khan, chairman of Pakistan Tehreek-e-Insaf, speaks to members of media after voting in the general election in Islamabad, Pakistan, July 25, 2018

    Commentary

    New Pakistan, Old Challenges

    While the United States has been voicing concerns about the destabilizing potential of China's Belt and Road Initiative, Pakistan needs the economic stability that initiative could bring. As long as Pakistan remains a poor country, its democracy will be at risk.

    Oct 17, 2018

  • Medical illustration for Albert P. Williams Lecture on Health Policy

    Multimedia

    Albert P. Williams Lecture on Health Policy: What's the Fair Price of a Drug?

    In this Events @ RAND podcast, Ezekiel J. Emanuel delivers the 2018 Albert P. Williams Lecture on Health Policy. Emanuel explains why drug prices are so high and proposes a policy solution.

    Oct 17, 2018

  • China with sunset on Earth

    Report

    China's Engagement with the Developing World

    Engaging with developing countries offers China economic growth and global influence. What are the consequences of Beijing's strategy toward the developing world for the United States?

    Oct 16, 2018

  • Britain's Secretary of State for Exiting the European Union, Dominic Raab, holds documents ahead of a meeting in Brussels, Belgium, July 19, 2018

    Commentary

    We Asked the British Public What Kind of Brexit They Want—and a Norway-Like Deal Is the Clear Winner

    The Brexit referendum outcome reveals very little about what people actually wanted. But a RAND Europe study of what people value about the EU finds that their priorities map most squarely onto a Norway-style model for future relations between the UK and the EU.

    Oct 11, 2018

  • Dissertation

    Dissertation

    Three Essays on Economic Growth and Human Welfare

    Examines the influence of macroeconomic factors on individual welfare.

    Oct 11, 2018

  • United Kingdom and European union flags combined, Big Ben and Parliament house

    Journal Article

    Support for EEA-Style Brexit Has Increased

    Support for a Brexit deal based on membership of the European Economic Area (EEA) has increased. EEA membership is now supported by 43 per cent of Britons, up from 38 per cent in 2017, making it the most popular Brexit option.

    Oct 10, 2018

  • Report

    Report

    What sort of Brexit do the British people want? A longitudinal study examining the "trade-offs" people would be willing to make in reaching a Brexit deal — technical addendum

    A study using stated preference discrete choice experiments to quantify the British people's preferences for their relationship with the European Union after Brexit.

    Oct 10, 2018

  • Multimedia

    Multimedia

    The Future of U.S.-Russia Relations

    In this Events @ RAND podcast, RAND experts Samuel Charap, Dara Massicot, and Michael J. Mazarr discuss where the U.S.-Russia relationship is heading.

    Oct 9, 2018

  • Chinese President Xi Jinping speaks during the 2018 Beijing Summit of the Forum on China-Africa Cooperation at the Great Hall of the People in Beijing, China, on September 4, 2018

    Commentary

    What Does China's Pursuit of a Global Coalition Mean for World Politics?

    As disputes between Beijing and Washington over trade and other issues intensify, analysts have highlighted domestic factors as reasons why President Xi Jinping may resist compromise. However, China's pursuit of a greater international leadership role likely plays an overlooked, but increasingly important role.

    Oct 8, 2018

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    Project

    International Research and Analysis Seeks to Enhance Wellbeing of People in Developing Countries

    Understanding the factors influencing economic growth and development is crucial to enhancing the human welfare of a nation. RAND International Research and Analysis is committed to fulfilling this objective.

    Oct 1, 2018