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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.

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
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

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
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
Blockship Tactics to Trap Enemy Fleets
The U.S. Navy should initiate a blockship program to counter potential threats.
Feb 8, 2022
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
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
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
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
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
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
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
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
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
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
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
Blog
Addressing Anti-Asian Racism, Stabilizing U.S. Rivalries, the Debt-Ceiling Fight: RAND Weekly Recap
This weekly recap focuses on countering anti-Asian racism, the instability of U.S. rivalries with Russia and China, the rise in extremist online activity, and more.
Dec 3, 2021
Report
Implementing China's Grand Strategy in Asia Through Institutions: An Exploratory Analysis
In this report, the authors review the literature on China's grand strategy and discuss China's use of institutions in implementing its grand strategy toward Asian nations of interest to China, including the countries of the Korean Peninsula.
Nov 29, 2021
Report
Weighing Entanglement Risks of U.S. Security Relationships
Some analysts argue that security relationships cause the United States to adopt its partners' interests, incentivize allies and partners to engage in reckless behavior, and risk getting dragged into conflicts. Others contend that the United States avoids entanglement by keeping its own interests in mind.
Nov 22, 2021
Report
How Diplomacy Could Be Used to Discourage Russian Arms Sales
Countering Russian arms sales could reduce Russia's influence on other nations as well as revenue that indirectly enables its irresponsible international behavior. The United States and its allies need to provide credible diplomatic and military alternatives, and work with countries to address their security needs.
Nov 18, 2021
Journal Article
The Cost of Stress to UK Employers and Employees
This paper uses data from the Britain's Healthiest Workplaces survey to highlight the costs associated with stress and impaired wellbeing in the workplace and their implication for productivity and, by extension, the economic health of society.
Nov 9, 2021
Report
Mapping Business Networks in the Asia-Pacific
As the economies of East and Southeast Asia have exploded in size, the activities of Asian firms have become more and more interdependent. The number of cases in which firms from different countries shared the same director increased almost tenfold from 2006 to 2020.
Nov 9, 2021

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RAND Topic:
Economics

Research conducted by

Researcher Spotlight

Krishna B. Kumar

Vice President, International

Krishna Kumar (he/him) is vice president, International; Distinguished Chair in International Economic Policy; and a senior economist at the RAND Corporation. He is also a professor at the Pardee RAND Graduate School, where he teaches economic development. He previously directed RAND's Labor and…
Benjamin M. Miller

Economist

Benjamin Miller is an economist at the RAND Corporation, a professor at the Pardee RAND Graduate School, and a research quality assurance manager for RAND's Social and Economic Well-Being Division.

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