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

    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

  • 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

    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

  • Belarus President Alexander Lukashenko and Russian President Vladimir Putin meet in Sochi, Russia, February 15, 2019, photo by Sergei Chirikov/Pool/Reuters

    Commentary

    Belarusian Mortgage on Russia's Future

    In September, President Vladimir Putin signaled that Russia was throwing its weight behind embattled Belarusian President Alexander Lukashenko. But any move to enforce Putin's will in Belarus could invite tougher Western sanctions and scare investors. This would exacerbate problems facing Russia's flagging economy.

    Oct 5, 2020

  • Report

    Report

    Challenges and Opportunities for the Puerto Rico Economy: A Review of Evidence and Options Following Hurricanes Irma and Maria in 2017

    The authors review Puerto Rico's economic history and provide analysis following the 2017 hurricane season that serves as the context for a set of principles and actions in the recovery plan for rebuilding a healthy economy.

    Sep 30, 2020

  • Report

    Report

    Supporting a 21st Century Workforce in Puerto Rico: Challenges and Options for Improving Puerto Rico's Workforce System Following Hurricanes Irma and Maria in 2017

    A workforce development system that supports Puerto Rico's economic development requires a K through postsecondary education system that emphasizes individuals' career pathways and aligns training with the evolving labor market and business needs.

    Sep 30, 2020

  • Unemployment Insurance

    Multimedia

    Unemployment Insurance: Why Does It Vary Across States?

    RAND economist Kathryn Edwards discusses the variance of unemployment insurance across states and its effect on how workers are financially supported.

    Sep 28, 2020

  • Members of parliament attend the first session of the newly elected parliament in Kutaisi, Georgia, November 18, 2016, photo by David Mdzinarishvili/Reuters

    Commentary

    Georgia: From COVID-19 to a Critical Test of Democracy

    Georgia has successfully dealt with the COVID-19 outbreak but now must meet the task of conducting free, fair, and transparent parliamentary elections on October 31 and dealing with the economic impacts of the pandemic.

    Sep 23, 2020

  • Tool

    Tool

    How Would a Better Diet Affect Health and Economic Outcomes in the United States?

    An online tool shows the effect that improving diet quality in the United States could have on health and economic outcomes, such as the prevalence of diet-related illness, health care spending, and labor force participation, over a 30-year period.

    Sep 21, 2020

  • A worried mother holding her baby while working, photo by damircudic/Getty Images

    Multimedia

    Tracking the Effects of COVID-19 on Lives and Livelihoods

    RAND's Shanthi Nataraj draws on key findings from the RAND American Life Panel to explore how the pandemic is affecting Americans' physical and mental health, their daily lives, and their financial well-being.

    Sep 17, 2020

  • 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

  • RAND Weekly Recap

    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

  • 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

  • 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

  • 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