The Israeli Economy, 1985-1998: From Government Intervention to Market Economics

כריכה קדמית
MIT Press, 2002 - 529 עמודים
0 ביקורות
הביקורות לא מאומתות, אבל Google בודקת אותן ומסירה תוכן שמזוהה כמזויף
From 1973 to 1985, the Israeli economy suffered a deep crisis: the growth rate declined, foreign debt increased, and inflation soared to annual rates of a few hundred percent. This book analyzes the structural reforms initiated between 1985 and 1998 that transformed the Israeli economy from one of heavy government intervention to a market-oriented, open economy. The reforms introduced fiscal discipline, increased central bank independence, and reduced government intervention in capital, labor, and financial markets. Also, competition was fostered in monopoly-controlled markets. The results of these reforms include, among others: a decline from 77 percent to 55 percent in the government expenditure portion of the gross domestic product, a decline from 65 percent of credit volume to 5 percent in government involvement in directing credit, and almost complete elimination of the tight control of the foreign-exchange market. These reforms, together with the mass migration into Israel from the former Soviet Union and the peace process with Israel’s neighbors, accelerated economic growth, particularly in the business sector.

Topics discussed include the impact of macroeconomic policy and structural reforms on growth, employment, inflation, balance of payments, and the rapid expansion of high-tech industry. The book also examines the consequent increase in income inequality and related problems.
 

מה אומרים אנשים - כתיבת ביקורת

לא מצאנו ביקורות במקומות הרגילים

תוכן

The Obstacle Course to a Market Economy in Israel
1
Structural Changes in the Israeli Public UtilitiesThe Reform That
10
Reducing the Relative Size of Government in Israel after 1985
61
Instruments and the Conduct of Monetary
85
The Disinflation Process in Israel in the Past Decade
131
Israeli Inflation from an International Perspective
157
Reform in the Israeli Financial System and the Flow of Funds
189
Pension Fund Reform
221
The ImportLiberalization and Abolition of Devaluation Substitutes
281
IMMIGRATION AND THE LABOR MARKET
349
The Flexibility of the Israeli Labor Market
379
Capital Accumulation Productivity and Growth in the Israeli
423
Structural Change and the Emergence of Israels HighTech Sector
445
The Rise of Earning Inequality
487
Index
519
זכויות יוצרים

Liberalization in the Capital Account of the Balance of Payments
245

מהדורות אחרות - הצג הכל

מונחים וביטויים נפוצים

מידע על המחבר (2002)

Avi Ben-Bassat is Professor of Economics at the Hebrew University of Jerusalem. From 1999 to 2001, he was Director General of Israel's Ministry of Finance.

מידע ביבליוגרפי