Publication:
Long-Term Policy Options for the Palestinian Economy

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-08-21T20:51:29Z
dc.date.available2013-08-21T20:51:29Z
dc.date.issued2002-07
dc.description.abstractIn light of deteriorating economic relations between Israel and the West Bank and Gaza, and suspended peace negotiations, it is timely at this juncture between the lapsed Interim Period and a final status agreement to examine past experience with a view to assessing the policy choices facing Palestinian policymakers in the future. The post-Oslo experience points to failed economic normalization and income convergence with Israel. Several reasons for these failures have been advanced, including poor implementation of the Paris Protocol, as well as fundamental flaws inherent to the protocol itself. The experience under the Paris Protocol illustrates the degree to which political and economic factors are intertwined; both types of factors need to be addressed in a comprehensive framework. The fact that political pressures from Israeli security concerns introduced severe economic hardship on the Palestinians and threatened newly-gained Palestinian autonomy contributed to the unraveling of the interim agreement. The economic environment of uncertainty, risk, costly transactions, and inadequate legal, regulatory and financial institutions hampered private sector development and especially Palestinian-Israeli partnerships and business networks at the firm level, effectively weakening an important tie that holds civil society together. These factors further undermined Palestinian economic growth, laying the foundation for political crisis and civil conflict. Given the problems associated with the existing policy framework, this analysis examines alternative policy options that will face Palestinian policymakers in the event of a peace agreement with Israel. These future policy choices relate to trade, labor mobility to Israel, and the business environment and associated public-private interactions. In a first stage, each policy area is analyzed separately, that is, in a partial equilibrium context independent of the others without accounting for broader intersectoral relationships. In a second stage, the analysis brings together these separate areas into an integrated framework. A range of assumptions vis-e-vis the nature of borders between West Bank and Gaza and Israel is delineated, tying together the trade, labor and private sector development considerations to measure their combined impact on growth prospects. The analysis develops scenarios to reflect different combinations of future policy options linked to the nature of borders with Israel. This simulation exercise illustrates the relative merits of each scenario, the associated trade-offs, and the prospects for economic growth in the event of a peace agreement and a completion of final status negotiations.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/07/2501140/long-term-policy-options-palestinian-economy
dc.identifier.doi10.1596/15274
dc.identifier.urihttps://hdl.handle.net/10986/15274
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectAGRICULTURE
dc.subjectANTICOMPETITIVE PRACTICES
dc.subjectAUTONOMY
dc.subjectBORDER POLICY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCUMULATION
dc.subjectCOMMON MARKET
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMERS
dc.subjectCOST SAVINGS
dc.subjectCPI
dc.subjectCURRENCY
dc.subjectCUSTOMS
dc.subjectCUSTOMS UNION
dc.subjectDISPUTE SETTLEMENT
dc.subjectDISPUTE SETTLEMENT MECHANISMS
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC LABOR
dc.subjectDOMESTIC LABOR MARKET
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC FACTORS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OBJECTIVES
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC RELATIONS
dc.subjectECONOMICS
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM MODEL
dc.subjectEXOGENOUS SHOCK
dc.subjectEXPORT MARKETS
dc.subjectEXPORT SECTORS
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTERNAL TARIFF
dc.subjectFACTOR ACCUMULATION
dc.subjectFINAL GOODS
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN WORKERS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREE TRADE AREA
dc.subjectGDP PER CAPITA
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH MODEL
dc.subjectGROWTH POLICY
dc.subjectGROWTH POTENTIAL
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHUMAN CAPITAL
dc.subjectIMPORT PRICES
dc.subjectIMPORTED INPUTS
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME CONVERGENCE
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINTERNATIONAL FINANCE
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE GROWTH
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET INTEGRATION
dc.subjectLABOR MARKET OUTCOMES
dc.subjectLABOR MARKET SEGMENTATION
dc.subjectLABOR MARKETS
dc.subjectLABOR MOBILITY
dc.subjectLABOR POLICIES
dc.subjectLABOR SERVICES
dc.subjectLABOR SUPPLY
dc.subjectLEGAL INSTITUTIONS
dc.subjectMARKET INTEGRATION
dc.subjectMARKET OUTCOMES
dc.subjectMARKET SEGMENTATION
dc.subjectNATIONAL INCOME
dc.subjectOPEN BORDERS
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOPULATION GROWTH
dc.subjectPREFERENTIAL ACCESS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCERS
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC SERVICES
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectREDUCING TRANSACTIONS COSTS
dc.subjectREGULATORY FRAMEWORK
dc.subjectRISK PREMIUM
dc.subjectRULES OF ORIGIN
dc.subjectSERVICE DELIVERY
dc.subjectSPECIALIZATION
dc.subjectSTRUCTURAL UNEMPLOYMENT
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE DEFICIT
dc.subjectTRADE DEFLECTION
dc.subjectTRADE DIVERSION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE PARTNER
dc.subjectTRADE POLICY
dc.subjectTRADE REGIME
dc.subjectTRADE REGIMES
dc.subjectTRADE RULES
dc.subjectTRADE VOLUMES
dc.subjectTRANSACTIONS COSTS
dc.subjectTRANSPORT COSTS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUE ADDED
dc.subjectWAGE GAP
dc.subjectWAGES
dc.subjectWELFARE LOSS
dc.subjectWELFARE LOSSES
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO ECONOMIC POLICY & PLANNING
dc.subjectECONOMIC POLICY POLITICAL ASPECTS
dc.subjectPOLICY MAKING
dc.subjectCONFLICT AREAS
dc.subjectECONOMIC DEPENDENCY
dc.subjectDISPUTE SETTLEMENT
dc.subjectDISPUTED TERRITORIES
dc.subjectTECHNOLOGY TRANSFER
dc.subjectPOLITICAL RISKS
dc.subjectSECURITY MEASURES
dc.subjectTRANSACTION COSTS
dc.subjectLEGAL FRAMEWORK
dc.subjectREGULATORY REGULATORY ENVIRONMENTS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectPOLICY FRAMEWORK
dc.subjectTRADE POLICY
dc.subjectLABOR MOBILITY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectECONOMIC GROWTH
dc.subjectCUSTOMS UNIONS
dc.subjectVALUE ADDED TAXES
dc.subjectACCESS TO MARKETS
dc.subjectTRADE LIBERALIZATION
dc.subjectLABOR FORCE CHARACTERISTICS
dc.subjectECONOMIC INTEGRATION
dc.subjectAUTONOMY & INDEPENDENCE MOVEMENTS
dc.subjectPEACE AGREEMENTS
dc.subjectPEACE BUILDING
dc.subjectUNCERTAINTY
dc.subjectSOCIAL COSTS
dc.titleLong-Term Policy Options for the Palestinian Economyen
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T10:50:21.950950Z
okr.docurlhttp://documents.worldbank.org/curated/en/2002/07/2501140/long-term-policy-options-palestinian-economy
okr.globalpracticeHealth, Nutrition, and Population
okr.globalpracticeTrade and Competitiveness
okr.guid221761468780560580
okr.guid111351468139784474
okr.identifier.externaldocumentum000160016_20030904121445
okr.identifier.internaldocumentum2501140
okr.identifier.report23765
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/09/04/000160016_20030904121445/Rendered/PDF/237651Long1Term0Policy0Report0final0pdf.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryWest Bank and Gaza
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorFinance :: General finance sector
okr.sectorHealth and other social services :: Other social services
okr.sectorIndustry and trade :: General industry and trade sector
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicHealth Economics and Finance
okr.topicInternational Economics and Trade::Free Trade
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.topicHealth, Nutrition and Population
okr.unitPoverty Reduct & Econ. Mgmt Dept (MNSPR)
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