Publication:
Long-Term Policy Options for the Palestinian Economy

dc.contributor.author World Bank
dc.date.accessioned 2013-08-21T20:51:29Z
dc.date.available 2013-08-21T20:51:29Z
dc.date.issued 2002-07
dc.description.abstract In 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.identifier http://documents.worldbank.org/curated/en/2002/07/2501140/long-term-policy-options-palestinian-economy
dc.identifier.uri http://hdl.handle.net/10986/15274
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject AGRICULTURE
dc.subject ANTICOMPETITIVE PRACTICES
dc.subject AUTONOMY
dc.subject BORDER POLICY
dc.subject BUSINESS ENVIRONMENT
dc.subject CAPITAL ACCUMULATION
dc.subject COMMON MARKET
dc.subject COMPETITIVENESS
dc.subject CONSUMER PRICE INDEX
dc.subject CONSUMERS
dc.subject COST SAVINGS
dc.subject CPI
dc.subject CURRENCY
dc.subject CUSTOMS
dc.subject CUSTOMS UNION
dc.subject DISPUTE SETTLEMENT
dc.subject DISPUTE SETTLEMENT MECHANISMS
dc.subject DOMESTIC DEMAND
dc.subject DOMESTIC ECONOMY
dc.subject DOMESTIC LABOR
dc.subject DOMESTIC LABOR MARKET
dc.subject ECONOMIC ACTIVITY
dc.subject ECONOMIC COOPERATION
dc.subject ECONOMIC CRISIS
dc.subject ECONOMIC DEVELOPMENT
dc.subject ECONOMIC FACTORS
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC OBJECTIVES
dc.subject ECONOMIC OUTCOMES
dc.subject ECONOMIC PERFORMANCE
dc.subject ECONOMIC RELATIONS
dc.subject ECONOMICS
dc.subject EQUILIBRIUM
dc.subject EQUILIBRIUM MODEL
dc.subject EXOGENOUS SHOCK
dc.subject EXPORT MARKETS
dc.subject EXPORT SECTORS
dc.subject EXPORTERS
dc.subject EXPORTS
dc.subject EXTERNAL SHOCKS
dc.subject EXTERNAL TARIFF
dc.subject FACTOR ACCUMULATION
dc.subject FINAL GOODS
dc.subject FOREIGN BANKS
dc.subject FOREIGN INVESTMENT
dc.subject FOREIGN WORKERS
dc.subject FREE TRADE
dc.subject FREE TRADE AGREEMENT
dc.subject FREE TRADE AREA
dc.subject GDP PER CAPITA
dc.subject GROSS DOMESTIC PRODUCT
dc.subject GROWTH MODEL
dc.subject GROWTH POLICY
dc.subject GROWTH POTENTIAL
dc.subject HIGH UNEMPLOYMENT
dc.subject HUMAN CAPITAL
dc.subject IMPORT PRICES
dc.subject IMPORTED INPUTS
dc.subject IMPORTS
dc.subject INCOME
dc.subject INCOME CONVERGENCE
dc.subject INTELLECTUAL PROPERTY
dc.subject INTELLECTUAL PROPERTY RIGHTS
dc.subject INTERNATIONAL FINANCE
dc.subject LABOR FORCE
dc.subject LABOR FORCE GROWTH
dc.subject LABOR MARKET
dc.subject LABOR MARKET INTEGRATION
dc.subject LABOR MARKET OUTCOMES
dc.subject LABOR MARKET SEGMENTATION
dc.subject LABOR MARKETS
dc.subject LABOR MOBILITY
dc.subject LABOR POLICIES
dc.subject LABOR SERVICES
dc.subject LABOR SUPPLY
dc.subject LEGAL INSTITUTIONS
dc.subject MARKET INTEGRATION
dc.subject MARKET OUTCOMES
dc.subject MARKET SEGMENTATION
dc.subject NATIONAL INCOME
dc.subject OPEN BORDERS
dc.subject PER CAPITA INCOME
dc.subject POLICY ENVIRONMENT
dc.subject POPULATION GROWTH
dc.subject PREFERENTIAL ACCESS
dc.subject PRIVATE INVESTMENT
dc.subject PRIVATE SECTOR
dc.subject PRODUCERS
dc.subject PRODUCTION COSTS
dc.subject PRODUCTIVITY
dc.subject PRODUCTIVITY GROWTH
dc.subject PROPERTY RIGHTS
dc.subject PUBLIC SERVICES
dc.subject REAL GDP
dc.subject REAL INCOME
dc.subject REDUCING TRANSACTIONS COSTS
dc.subject REGULATORY FRAMEWORK
dc.subject RISK PREMIUM
dc.subject RULES OF ORIGIN
dc.subject SERVICE DELIVERY
dc.subject SPECIALIZATION
dc.subject STRUCTURAL UNEMPLOYMENT
dc.subject TAX REVENUE
dc.subject TAX REVENUES
dc.subject TECHNOLOGY TRANSFER
dc.subject TOTAL FACTOR PRODUCTIVITY
dc.subject TRADE DEFICIT
dc.subject TRADE DEFLECTION
dc.subject TRADE DIVERSION
dc.subject TRADE LIBERALIZATION
dc.subject TRADE PARTNER
dc.subject TRADE POLICY
dc.subject TRADE REGIME
dc.subject TRADE REGIMES
dc.subject TRADE RULES
dc.subject TRADE VOLUMES
dc.subject TRANSACTIONS COSTS
dc.subject TRANSPORT COSTS
dc.subject UNEMPLOYMENT
dc.subject UNEMPLOYMENT RATE
dc.subject VALUE ADDED
dc.subject WAGE GAP
dc.subject WAGES
dc.subject WELFARE LOSS
dc.subject WELFARE LOSSES
dc.subject WORLD TRADE
dc.subject WORLD TRADE ORGANIZATION
dc.subject WTO ECONOMIC POLICY & PLANNING
dc.subject ECONOMIC POLICY POLITICAL ASPECTS
dc.subject POLICY MAKING
dc.subject CONFLICT AREAS
dc.subject ECONOMIC DEPENDENCY
dc.subject DISPUTE SETTLEMENT
dc.subject DISPUTED TERRITORIES
dc.subject TECHNOLOGY TRANSFER
dc.subject POLITICAL RISKS
dc.subject SECURITY MEASURES
dc.subject TRANSACTION COSTS
dc.subject LEGAL FRAMEWORK
dc.subject REGULATORY REGULATORY ENVIRONMENTS
dc.subject FINANCIAL INSTITUTIONS
dc.subject POLICY FRAMEWORK
dc.subject TRADE POLICY
dc.subject LABOR MOBILITY
dc.subject BUSINESS ENVIRONMENT
dc.subject PUBLIC-PRIVATE PARTNERSHIPS
dc.subject ECONOMIC GROWTH
dc.subject CUSTOMS UNIONS
dc.subject VALUE ADDED TAXES
dc.subject ACCESS TO MARKETS
dc.subject TRADE LIBERALIZATION
dc.subject LABOR FORCE CHARACTERISTICS
dc.subject ECONOMIC INTEGRATION
dc.subject AUTONOMY & INDEPENDENCE MOVEMENTS
dc.subject PEACE AGREEMENTS
dc.subject PEACE BUILDING
dc.subject UNCERTAINTY
dc.subject SOCIAL COSTS
dc.title Long-Term Policy Options for the Palestinian Economy en
dspace.entity.type Publication
okr.docurl http://documents.worldbank.org/curated/en/2002/07/2501140/long-term-policy-options-palestinian-economy
okr.globalpractice Health, Nutrition, and Population
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000160016_20030904121445
okr.identifier.internaldocumentum 2501140
okr.identifier.report 23765
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/09/04/000160016_20030904121445/Rendered/PDF/237651Long1Term0Policy0Report0final0pdf.pdf en
okr.region.administrative Middle East and North Africa
okr.region.country West Bank and Gaza
okr.sector Public Administration, Law, and Justice :: General public administration sector
okr.sector Finance :: General finance sector
okr.sector Health and other social services :: Other social services
okr.sector Industry and trade :: General industry and trade sector
okr.topic International Economics and Trade :: Trade and Regional Integration
okr.topic Health Economics and Finance
okr.topic International Economics and Trade :: Free Trade
okr.topic Economic Theory and Research
okr.topic Environmental Economics and Policies
okr.topic Health, Nutrition and Population
okr.unit Poverty Reduct & Econ. Mgmt Dept (MNSPR)
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