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

  • Two USAF A-10 Thunderbolt IIs release countermeasure flares over the U.S. Central Command area of responsibility, July 23, 2020, photo by Staff Sgt. Justin Parsons/U.S. Air Force

    Q&A

    The Future of Warfare: Q&A with Raphael Cohen

    What will the next decade of warfare look like? Raphael Cohen led a project to answer that question for the U.S. Air Force. The team considered not just technological or force changes, but also how global politics, economics, and the environment will shift and evolve between now and 2030.

    Sep 8, 2020

  • An American flag waving at sunset, photo by Emily Sisson/Getty Images

    Report

    How American Influence Has Declined, and What Can Be Done About It

    The United States has been declining in foreign policy achievements for two decades. Skeptics need to be persuaded that working for a more peaceful and prosperous world is in America's national and their personal interest. And sustained public support for international engagement requires cooperation across party lines.

    Sep 8, 2020

  • Blog

    The Evidence on Kids and COVID-19, China's Use of Big Data, Telemedicine: RAND Weekly Recap

    This weekly recap focuses on what we know (and what we don't) about kids and COVID-19, how China is using big data, the future of telemedicine, and more.

    Sep 4, 2020

  • The port of Beirut and its construction cranes, destroyed by an explosion of ammonium nitrate on August 4, 2020, photo by Karine Pierre/Hans Lucas Pictures/Reuters

    Commentary

    Addressing Lebanon's Ailments, Acute and Chronic

    The recent explosion in Beirut has again led to calls for political and economic reforms in Lebanon. The country has an economy in crisis, corruption, few job opportunities, and an influx of 1.5 million Syrian refugees. Sustained global investment is needed if Lebanon is to recover over the long run.

    Sep 1, 2020

  • Cloud service icon with options and devices, photo by artisteer/Getty Images

    Commentary

    Too Interconnected to Fail

    The 2007–08 financial crisis made regulators and lawmakers acutely aware that some financial institutions had become too big to fail. The next big economic crisis may arise outside the financial sector, in highly networked companies that are too interconnected to fail.

    Aug 22, 2020

  • North Korean leader Kim Jong Un visits a drill of long-range artillery sub-units of the Korean People's Army, March 2, 2020, photo by KCNA/Reuters

    Report

    How Does North Korean Leadership Make Decisions?

    With talks between the United States and North Korea at a standstill, U.S. policymakers must consider what the regime might do next and know what signs or decisions to look for. Will Kim open the DPRK economy? What if conventional deterrence fails on the Korean Peninsula? And what could lead to the use of nuclear weapons?

    Aug 20, 2020

  • Chinese President Xi Jinping and his entourage meet with Ayatollah Khamenei in Iran, January 23, 2016, photo by Khamenei.ir / CC BY 4.0

    Commentary

    What to Watch to Understand the Sino-Iranian Relationship

    Beijing and Tehran are in the process of finalizing an ambitious partnership covering a range of security and economic issues. The United States should not overreact to shifting geopolitical dynamics in the Middle East, and should instead keep an eye out to assess the evolution of the relationship and take stock of what is delivered instead of what is merely promised.

    Aug 13, 2020

  • Report

    Report

    Provision of an indicative, non-exhaustive list of conflict-affected and high-risk areas under Regulation 2017/821: Task A – Methodology development

    This report presents the methodology proposed by RAND Europe to produce an indicative, non-exhaustive, regularly updated list of CAHRAs under Regulation 2017/821.

    Jul 30, 2020

  • A man attends the “2020, The Year of 5G for Europe” conference at the the Huawei Cyber Security Transparency Centre in Brussels, Belgium, January 16, 2020, photo by Yves Herman/Reuters

    Commentary

    The Coronavirus Spotlights a National Security Supply Crisis

    During emergencies, it can be crucial for governments to maintain an uninterrupted supply of essential goods and services. As the world faces an unprecedented demand for supplies and services to tackle the pandemic, it may be important for governments to take stock of the national security risks that could accompany their choice of vendor.

    Jul 27, 2020

  • Chinese flag, yuan, and soldiers, image design by Katherine Wu/RAND Corporation; photos by Dmytro and Mike/Adobe Stock

    Report

    China's Grand Strategy

    China aims to be well governed, socially stable, economically prosperous, technologically advanced, and militarily powerful by 2050. Will it succeed? And how might its progress affect U.S.-China relations over the next three decades?

    Jul 24, 2020

  • News Release

    News Release

    China 2050: How the U.S. Should Prepare for an Ascendant China

    The United States should prepare for a triumphant or ascending People's Republic of China—scenarios that not only align with current PRC national development trends but also represent the most challenging future scenarios for the U.S. military.

    Jul 24, 2020

  • People line up outside a career center, hoping to find assistance with their unemployment claims, Frankfort, Kentucky, June 18, 2020, photo by Bryan Woolston/Reuters

    Commentary

    Is the U.S. Stuck with a Fixed Add-On for Unemployment?

    When COVID-19 led to millions of Americans losing their jobs, Congress moved to increase unemployment benefits by $600 a week. What should happen when those extra benefits expire?

    Jul 23, 2020

  • Internally displaced Syrians drive back to their homes, as some people are afraid of the COVID-19 outbreak in crowded camps, in Dayr Ballut, Syria, April 11, 2020, photo by Khalil Ashawi/Reuters

    Commentary

    U.S. Is Just Getting Started in New Bid to End the War in Syria

    In June, the U.S. government announced the implementation of the Caesar Syria Civilian Protection Act with a flurry of sanctions against 39 people and entities connected with the Assad regime. There is much more to come. Syria, and Russia and Iran, have not yet felt the Caesar Act in full force.

    Jul 22, 2020

  • Blog

    COVID Learning Loss, Russian Trolls, Artificial Intelligence: RAND Weekly Recap

    This weekly recap focuses on helping students recover learning losses, fighting Russian trolls, racial disparity in unemployment benefits, the race for AI leadership, and more.

    Jul 17, 2020

  • U.S. dollars and other currencies lie in a charity receptacle at Toronto Pearson International Airport in Canada, June 13, 2018, photo by Chris Helgren/Reuters

    Report

    Economic Competition in the 21st Century

    One can think of economic competition in two broad ways. The first is competition as an outcome: the ability to boost standards of living through domestic policies. The second is competition as an action, where economic policies also pursue geopolitical goals.

    Jul 17, 2020

  • Dissertation

    Dissertation

    Three Essays In Health Policy and Economics: Surprise Out-of-Network Medical Bills and Out-of-Network Health Care Provider Payment in the United States

    Three essays addressing surprise out-of-network medical bills and out-of-network health care provider payment.

    Jul 16, 2020

  • Jonathan Welburn stands on Santa Monica's nearly deserted Third Street Promenade in May 2020, photo by Diane Baldwin/RAND Corporation

    Q&A

    Balancing Public Health and Economic Effects of Physical Distancing: Q&A with Jonathan Welburn

    Jonathan Welburn, an operations researcher at RAND, has spent years studying how economic shocks ripple outward like a contagion through the economy. He recently helped develop an online tool that policymakers can use to manage the health and economic effects of COVID-19 interventions.

    Jul 13, 2020

  • Street sign with Wall St. and Main St. signs, photo by BobHemphill/Getty Images

    Commentary

    A Tale of Two Americas

    Economic pain in the United States is obvious and palpable everywhere except in the stock market. This spotlights inequality that has been increasing for decades. Undoing disparities will require firm policy commitment over many years.

    Jul 9, 2020

  • British Prime Minister Boris Johnson (center) speaks in a videoconference with the heads of the European Union in London, UK, June 15, 2020, photo by Andrew Parsons/No10 Downing Street/Reuters

    Commentary

    The Cost of Brexit Uncertainty

    Leaving the European Union has had an overall negative economic effect on the UK economy, and there are additional economic costs associated with the uncertainty surrounding the new relationship. Will there be a deal? And if so, what type of deal is likely?

    Jul 8, 2020

  • The Unequal Nature of Damage from COVID-19

    Multimedia

    The Unequal Nature of the Damage from COVID-19

    Shanthi Nataraj, senior economist with the RAND Corporation, explains which communities and businesses have been hit hardest by the COVID-19 pandemic.

    Jul 7, 2020