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Essays on the Palestinian Economy

maandag, 22 november, 2010 - 17:00
Campus: Brussels Humanities, Sciences & Engineering campus
Faculteit: Social Sciences and Solvay Business School
Eltalla Abdel-Hakeem

Since the Oslo Accords in 1993, the Palestinian economy of the West Bank and Gaza has
developed more slowly than the economy of its neighbors. This research reviews the economic
performance since the start of the occupation in 1967 and argues that the economic and political
environment during the occupation caused severe economic distortions. To study the effects of
the distortions, we constructed a computable general equilibrium model of the Palestinian
economy that is based on the IFPRI's standard computable general equilibrium model, and we
updated the World Bank 1998 social accounting matrix of Palestine. The study addresses these
issues: the role of transaction costs that result from the closures regime, the effects of foreign aid
(in particular aid to help reconstruct Gaza after the 2008-2009 war), and the possible effects of a
devaluation of a hypothetical Palestinian currency and a new monetary arrangement for
Palestine. (EconLit D580, F140, F510, O530)

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