Economic Consequences of the Intifada: Investment and Political Instability in Israel
نویسندگان
چکیده
We construct a time-series model of investment in Israel that incorporates both traditional economic factors derived from a theoretical model of a profit-maximising representative firm and indicators of political instability and unrest. This is used to estimate the extent to which the Intifada has depressed Israeli investment and the size of the corresponding "peace dividend". JEL Classification: O16; E22
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