TY - JOUR
T1 - The effect of advanced industry on the resilience of the economy during war - The Israeli hi-tech industry as a case study
AU - Cohen, Erez
N1 - Publisher Copyright:
© CSR, 2014.
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
KW - Israel Economy
KW - Israeli Advanced Industry
KW - Resilience of the Economy
KW - War
UR - http://www.scopus.com/inward/record.url?scp=84970028217&partnerID=8YFLogxK
U2 - 10.14254/2071-8330.2014/7-2/1
DO - 10.14254/2071-8330.2014/7-2/1
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AN - SCOPUS:84970028217
SN - 2071-8330
VL - 7
SP - 9
EP - 24
JO - Journal of International Studies
JF - Journal of International Studies
IS - 2
ER -