Prospects for Growth and Jobs in the Palestinian Economy : A General Equilibrium Analysis
A large number of studies in recent years have attempted to analyze and quantify the myriad of restrictions holding back economic development in the West Bank and Gaza, but the full picture remains blurred. The main value proposition of this study...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/952571511351839375/Prospects-for-growth-and-jobs-in-the-Palestinian-economy-a-general-equilibrium-analysis http://hdl.handle.net/10986/28893 |
| Summary: | A large number of studies in recent
years have attempted to analyze and quantify the myriad of
restrictions holding back economic development in the West
Bank and Gaza, but the full picture remains blurred. The
main value proposition of this study is to assess and
quantify the overall prospects for growth and jobs in the
West Bank and Gaza using a Computable General Equilibrium
model and taking into consideration the uncertain and
dynamic environment of shifting boundaries, including the
broader economic benefits that could be achieved with an
alleviation of external and internal constraints. It is
important to acknowledge that the external and domestic
environments are in some cases interdependent. The study
analyzes a number of different scenarios related to both
external and internal constraints. Given the political
realities, it is particularly important to study what
Palestine could do on its own to improve growth prospects.
The hope is that this study could help the Palestinian
authorities and other stakeholders form a vision for
inclusive, job-led growth and establish policy priorities
depending on the evolution of the geo-political environment.
The study provides an outline of such a vision, drawing on
the findings of the scenarios discussed above and could be
further developed by incorporating the findings from the
parallel Vision pieces under way in trade and energy.
Further, the study should help inform the Bank’s strategic
and operational engagement with Palestine by highlighting
key reforms and investments needed to support higher and
more inclusive growth. |
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