Economics

Featured

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

  • Wind turbines surrounded by fog in Costa Rica, photo by OGphoto/Getty Images

    Report

    A Green Costa Rican COVID-19 Recovery

    Before COVID-19 hit, Costa Rica had been taking a leading role in addressing the effects of climate change by investing in decarbonization. Could these same investments also accelerate Costa Rica's pandemic economic recovery and help address historical inequities?

    Feb 24, 2022

  • News Release

    News Release

    Investment in Languages Education Could Return Double for UK Economy

    Investing in languages education in the UK will return more than the investment cost, even under conservative assumptions, according to a new study from RAND Europe and the University of Cambridge, funded by the Arts and Humanities Research Council.

    Feb 22, 2022

  • Thank you in many languages, photo by aaabbc/Adobe Stock

    Report

    Investment in Languages Education Could Return Double for UK Economy

    Languages play a significant role in international trade, and not sharing a common language acts as a non-tariff trade barrier. Benefit-to-cost ratios for increasing Arabic, Mandarin, French, or Spanish education in the UK are estimated to be at least 2:1, meaning that spending £1 could return £2.

    Feb 21, 2022

  • Report

    Report

    An Overview of the Effectiveness of U.S. Counternarcotics Efforts in Colombia, 2000–Present, and Recommendations for the Future

    The authors of this report examine the period in Colombia from 2000 to 2020 to assess the effectiveness of U.S. counternarcotics and security efforts: eradication of coca, interdiction of cocaine, security and rule of law, and development.

    Feb 11, 2022

  • Journal Article

    Journal Article

    Blockship Tactics to Trap Enemy Fleets

    The U.S. Navy should initiate a blockship program to counter potential threats.

    Feb 8, 2022

  • Radio antennas on the mountains of Angeles National Forest overlooking Los Angeles County, California, photo by Sundry Photography/Getty Images

    Commentary

    How China Plays by Different Rules—at Everyone Else's Expense

    A single Chinese state-run firm has secured a controlling interest in at least 33 radio stations in 14 countries. But there is virtually no opportunity for foreign ownership, input, or influence in the Chinese media marketplace. This inequity presents U.S. leaders with an opportunity: Unless China opens its media marketplace to foreign investment and ownership, its firms should be forced to divest their American holdings.

    Feb 7, 2022

  • India's Prime Minister Narendra Modi addresses the 76th Session of the U.N. General Assembly in New York City, U.S., September 25, 2021, photo by Eduardo Munoz/Reuters

    Commentary

    Modi's Foreign-Policy Juggling Act

    India lives in a difficult neighborhood, and there are no easy, straightforward solutions. But thus far—and especially under Modi—India has managed its foreign-policy challenges with remarkable effectiveness. With new partners and by making some tough decisions, there is a very good chance that it will continue to do so.

    Feb 7, 2022

  • Pattern featuring the flags of the United States, Russia, and China, image by Getty Images/RAND Corporation

    Report

    Crossroads of Competition: China, Russia, and the United States in the Middle East

    This report details the political, economic, and military interests and activities of China and Russia in the Middle East and identifies where those efforts contest, intersect, or complement U.S. interests and activities.

    Feb 2, 2022

  • Hacking equity, Image by Peter Soriano/RAND Corporation

    Multimedia

    Hacking Equity: Highlights from the RAND-AUC Hackathon

    Hacking Equity paired students from Clark Atlanta University, Morehouse College, and Spelman College with Pardee RAND doctoral students and RAND mentors for a virtual public policy hackathon.

    Jan 28, 2022

  • U.S. Deputy Secretary of State Wendy Sherman meets with Cambodian Prime Minister Hun Sen in Phnom Penh, Cambodia, June 1, 2021, photo by U.S. Embassy Phnom Penh/Public Domain

    Commentary

    Could the U.S. Play Offense in China's Back Yard?

    Relations with Cambodia and Laos have fallen victim to the U.S. administration's foreign policy priority of shared values over shared interests. This approach has failed to make headway in Cambodia and Laos, isolates the United States in a region where few countries are true democracies, and unnecessarily cedes ground to Beijing.

    Jan 13, 2022

  • “Checkmate,” the new Sukhoi fifth-generation stealth fighter jet, at the opening ceremony of the MAKS 2021 air show in Zhukovsky, Russia, July 20, 2021, photo by Tatyana Makeyeva/Reuters

    Commentary

    Is Russia's Su-75 'Checkmate' Aircraft a Case of Vapor Marketing?

    During a Moscow air show last summer, Russia rolled out a mockup of the Su-75, a multipurpose fighter-bomber designed to compete in the global marketplace. But given the Russian aerospace sector's difficulties in developing, let alone delivering, advanced combat aircraft, prospective buyers should consider a range of options to meet defense needs.

    Jan 6, 2022

  • Journal Article

    Journal Article

    Decoupling from China: How U.S. Asian Allies Responded to the Huawei Ban

    The paper analyzes how Australia, Japan, and South Korea responded to Washington's expectations of mutual support on the decoupling of Chinese technology companies from global supply chains.

    Jan 6, 2022

  • Report

    Report

    Proceedings of the U.S.-Japan Socioeconomic Policy Research Exchange: The Rise of Telework Under COVID-19 and the Growth of Cryptocurrency

    This volume captures insights from two conferences that brought together leading U.S. and Japanese experts to explore the implications of recent growth in teleworking, working from home, cryptocurrency, and blockchain in the United States and Japan.

    Jan 5, 2022

  • Blog

    Gender Pay Gap Among Doctors, America's Labor Shortage, 'Hacking Equity': RAND Weekly Recap

    This weekly recap focuses on the pay gap between female and male doctors, understanding America’s weird job market, social and emotional learning, and more.

    Dec 17, 2021

  • U.S. President Joe Biden participates virtually in the annual U.S.-ASEAN Summit at the White House in Washington, D.C., October 26, 2021, photo by Gripas Yuri/ABACA via Reuters Connect

    Commentary

    Biden's Southeast Asia Policy Still Has Much to Prove

    As the Biden administration's first year comes to a close, how is the United States faring in Southeast Asia? Washington got a lot right, but it could do better to optimize competition against China and work on a more sensitive understanding of the delicate and at times precarious position Southeast Asian states are in.

    Dec 17, 2021

  • Photographic data visualization by Gabrielle Mérite representing the prices of brand-name drugs with real money on a blue background. For the same pill, the U.S cost is $10 while Germany and Canada’s cost would be $3.50, Japan's $3.25, the UK's $3.00 and Mexico's $2.75.

    Project

    Comparing International Prescription Drug Prices

    Prescription drug prices in the United States average 2.56 times those in 32 other nations. In a new animation, information designer Gabrielle Mérite illustrates this subject that may seem distant from American consumers but has a concrete impact on their health and finances.

    Dec 14, 2021

  • The words Hacking Equity on a black background with abstract lines and squares, image by Peter Soriano/RAND Corporation

    Blog

    Hackathon Introduces Undergraduate Students to Public Policy Research

    For three weeks in October and November, undergraduates from Clark Atlanta University, Morehouse College, and Spelman College teamed up with Pardee RAND doctoral students to explore how vulnerable communities have fared during the pandemic and envision policies that might produce a more equitable recovery.

    Dec 10, 2021

  • father, man, parent, son, boy, health, sick, suffering, home, illness, pain, sickness, disease, ill, flu, virus, allergy, infection, unhealthy, medical, cold, influenza, unwell, care, symptom, fever, medicine, temperature, high, leave, healthcare, caring, patient, family, blowing, sneezing, smartphone, mobile, phone, speaking, talking, discussing, calling, emergency, first, aid, thermometer, dad, bed, bedroom

    Report

    The potential socio-economic impact of telemedicine in Canada

    This study examined the potential impact in Canada of continued, long-term use of telemedicine. Researchers found that widespread use of teleconsultations could lead to significant benefits for patients, the economy and wider society.

    Dec 6, 2021

  • telemedicine, video call, telehealth, doctor, patient, consultation, online, video, sick, woman, phone, covid19, covid, using, coronavirus, sickness, symptom, ill, illness, health, tele, videocall, call, practitioner, consultant, smartphone, smart, cellphone, technology, internet, digital, healthcare, distance, remote, physician, people, close up, earphone, home, conference, consulting, medicine, consult, care, therapist, e-medicine, webcam, treatment, therapy

    Research Brief

    Greater adoption of telemedicine could offer economic and social benefits for Canada

    This brief summarises the potential impact of increased, long-term telemedicine use in Canada. It was found that teleconsultations could boost the economy in terms of cost savings from fewer missed appointments and visits to emergency departments, and a reduction in travel times for patients.

    Dec 6, 2021

  • Father having a video call with doctor for sick daughter, photo by FatCamera/Getty Images

    News Release

    Greater Adoption of Telemedicine Could Reap Benefits for the Canadian Economy of Nearly 6 Billion CAD Annually

    Increasing the use of telemedicine in Canada through teleconsultations between patients and their primary care provider could lead to benefits for patients, society, and the economy. The economic value of time saved, through fewer hours spent on traveling to appointments and waiting, could be up to 5 billion CAD alone each year.

    Dec 6, 2021