Cohen, Sarit; Hsieh, Chang-Tai - Department of Economics, Bar Ilan University - 2001
From the end of 1989 to 1997, over 710 thousand Russian Jews emigrated to Israel, increasing Israel-s working-age population by 15 percent. This paper argues that a canonical one-sector neoclassical growth model explains both the short run and the medium run response of Israel,s economy to this...