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Country survey XI: Defence and the Israeli economy
Authors:Michael Beenstock
Affiliation:Department of Economics , Hebrew University of Jerusalem , Mount Scopus, Jerusalem, 91905, Israel
Abstract:The literature on economic aspects of defence in Israel is critically reviewed by subject: measuring the defence burden, the determinants of defence spending, the effects of defence spending on the economy, and the military‐industrial complex. An overview of the Israeli economy is provided, and some new econometric findings on the determinants of defence spending are presented. The paper concludes by addressing policy issues in the context of Israel's jubilee.
Keywords:Defence economics  Israel  Cointegration
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