The Effect of Advance Industry on the Resilience of the Economy during War - the Israeli Hi-tech Industry as a Case Study

• Autorzy: Erez Cohen
• Języki publikacji: EN

Abstrakty

EN

The effect of war on domestic economic indicators has been repeatedly explored in many countries and regarding different eras. The current study focuses on the Israeli economy during the Second Lebanon War, which erupted in 2006, and shows the contribution of Israel's advanced industry to the resilience of the local economy during that period. This resilience is clearly manifested in the Gross Domestic Product (GDP) indicator, which continued to grow at an increasing rate despite the war and unlike previous wartime eras experienced by Israel .The explanation of the change in the behavior of the GDP during the Second Lebanon War versus its behavior during previous wars is rooted in the striking technological transformation experienced by the Israeli economy from the mid-1990s until the onset of this war. The transformation resulted from the rapid and consistent development of Israel's advanced industry, with its high recognized contribution to the Israeli economy's total GDP, both in absolute terms and relative to other industries .The paper presents data attesting to this contribution and portraying its high probability. (original abstract)

Słowa kluczowe

EN

Armed conflicts; Economic situation; Industry development; Economic development

PL

Konflikty zbrojne; Sytuacja gospodarcza; Rozwój przemysłu; Rozwój gospodarczy

• Czasopismo: Journal of International Studies
• Rocznik: 2014
• Tom: 7
• Numer: nr 2
• Strony: 9--24

Twórcy

autor

Erez Cohen

• Ariel University, Israel

Bibliografia

• Avnimelech, G. ,Teubal , M. (2004). Venture capital start-up co-evolution and the emergence and development of Israel's new high tech cluster. Economics of Innovation and New Technology, 1, 33-60.
• Baker, D. (2007). The economic impact of the Iraq War and higher military spending, Centre for Economic and Policy Research (CEPR), viewed 1 October 2011. http://www.cepr.net/documents/publications/military spending_2007_05.pdf.
• Boskin, M. J., Lawrence, J. L. (1990). Post-war economic growth in the group-of-five countries: A new analysis. National Bureau of Economic Research (NBER) Working Paper No. 3521. Cambridge.
• Bard, M. G. (2007). Will Israel Survive?. USA: Macmillan Publish. Chapter 9, 151-164.
• Bloch, K. (1941). Japanese War economy, Annals of the American Academy of Political and Social Science, 215, 17-23.
• Breznitz, D. (2006). Innovation and the State-Development Strategies for High Technology Industries in a World of Fragmented Production: Israel, Ireland, and Taiwan. Oxford: Oxford Publishing.
• Castles, F. G. (1999). Decentralization and the post-war political economy. European Journal of Political Research, 36 (1),27-53.
• Cohen, E. (2009). The Israeli Hi-Tech Industry: No thought for the Future. Jerusalem: Carmel Publishing House. (Hebrew)
• Collie, P. (1999). On the economic consequences of civil war. Oxford Economic Papers, 51 (1),168-183.
• De Fontenay, C., Carmel, E. (2001). Israel's Silicon Wadi: The Forces Behind Cluster Formation. Stanford Institute for Economic Policy Research. Stanford University.
• Edelstein, M. (2000). War and the American economy in the twentieth century. In: Gallma, R. E. Engerman, S. L. (Editors). The Cambridge Economic History of the United States. Cambridge University Press. 329-346.
• Gabbay, Y. (2009). Political Economy- The Gap between Perception and Reality. Hakibbutz Hameuhad Publishing House. (Hebrew).
• Hancock, W. K. (1949). British War Economy. London: His Majesty's Stationery Office.
• Higgs, R. (2006). Depression, War, and Cold War: Studies in Political Economy. Oxford University Press. New York.
• Institute for Economics & Peace (2011). Economic Consequences of War on the U.S Economy. Sydney-New York-Washington D.C.
• Kaldor, N. (1946). Q e German War economy. The Review of Economic Studies, 13 (1), 33-52 .
• Karsh, E. (2002). Israel War. Commentary, 113 (4), 23-28.
• Lee E. O. (1997). The macroeconomic effects of war finance in the United States: World War II and the Korean War. The American Economic Review, 87 (1), 23-40
• Lebrecht, H (2003). Israel's wretched economy is result of war policy. People's Weekly World, 17 (34), 6-20.
• Neuman, S., Shenhav, Y. (1977). Short term impact of war economy on the insurance industry in Israel. Journal of Risk and Insurance, 44 (1),32-55
• Overy, R. J. (1994). War and Economy in the Third Reich, Clarendon Press.
• Pauer, E. (2002). Japans War Economy. Rutledge Studies in the Growth Economies of Asia, 21, 22-35
• Rawlings, L. (2007). Ancient Greeks at War. Manchester University Press.
• Riddell, T. (1970). The economic effects of the war in Vietnam. Review of Radical Political Economics, 2 (41), 63-82.
• Senor, D., Singler, S. (2012). Innovation and Technology in the World: Evolution of a New Industry. A Genealogical Approach. Stanford Business Book.
• Stiglitz, J., Blimes, L. (2011) Estimating the costs of war: Methodological issues, with applications to Iraq and Afghanistan. Chapter 13, Oxford Handbook of the Economics of Peace and Conflict. Oxford University Press. New York.
• Stubbs, R. (1999). War and economic development: export-oriented industrialization in East and Southeast Asia. Comparative politics, 31 (3), 355-337.
• Warren, R. (1940). War financing and its economic effects. Proceedings of the Academy of Political Science, 18 (4), 69-77.
• Wolf, F. B. (1940). Economy in war time. In: Waller, Willard (Ed.), War in the Twentieth Century.363-408. New York, NY: Random House.
• Yang, B., Lester, D. (1994). The effect of war on the economy. Atlantic Economic Journal. Drexel University. 22 (3), 81-95.

Identyfikatory

DOI

10.14254/2071-8330.2014/7-2/1