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The Macroeconomic Effects of Mass Immigration to Isreal

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  • Hercowitz, Zvi
  • Meridor, Leora (Rubin)

Abstract

This paper attempts to model and simulate realistically the macroeconomic process generated by the massive immigration of Soviet Jews to Israel, which started at the end of 1989. The framework is a dynamic optimization model of an open economy calibrated to Israeli data — including the national income accounts, tax rates, and projections of immigration from 1990 to 1994. The aim of this analysis is to analyze the quantitative effects of different policy instruments the adjustment process triggered by the immigration.

Suggested Citation

  • Hercowitz, Zvi & Meridor, Leora (Rubin), 1991. "The Macroeconomic Effects of Mass Immigration to Isreal," Foerder Institute for Economic Research Working Papers 275516, Tel-Aviv University > Foerder Institute for Economic Research.
    • Handle: RePEc:ags:isfiwp:275516
    DOI: 10.22004/ag.econ.275516
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    References listed on IDEAS

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    1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    2. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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