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Macroeconomic performance of the Israeli economy in the 21st millennium

Author

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  • Shachmurove Yochanan

    (Department of Economics and Business, The City College and the Graduate Economic Program of the City University of New York, New York, NY 10031, USA, and The Faculty of Economic Sciences and Management, Nicolaus Copernicus University in Toruń, 13A Gagarina Str., 87-100Toruń, Poland)

  • Zilberfarb Ben-Zion

    (School of Banking and Capital Markets, Netanya Academic College, Netanya4223587, Israel, and Department of Economics, Bar-Ilan University, Ramat-Gan, 5290002, Israel)

Abstract

The Israeli economy in the first two decades of the 21st century is an example of an economic transformation that may serve as a role model for addressing many challenges to economic growth. Data from this period have shown significant developments in economic growth over this relatively short period of time and indicate that these advances are attributable to policies targeting inflation, labor force participation and education. While challenges remain—including economic inequality, suboptimal health care and the threat of coronavirus pandemic to global growth—we explore developments evidenced to promote economic growth.

Suggested Citation

  • Shachmurove Yochanan & Zilberfarb Ben-Zion, 2020. "Macroeconomic performance of the Israeli economy in the 21st millennium," Economics and Business Review, Sciendo, vol. 6(2), pages 45-65, June.
    • Handle: RePEc:vrs:ecobur:v:6:y:2020:i:2:p:45-65:n:4
    DOI: 10.18559/ebr.2020.2.4
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    References listed on IDEAS

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    More about this item

    Keywords

    growth; education and health; inequality; happiness; coronavirus; Israel;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • F00 - International Economics - - General - - - General
    • H00 - Public Economics - - General - - - General
    • I00 - Health, Education, and Welfare - - General - - - General
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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