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World

Study says Israelis and Palestinians stand to gain billions of dollars from a peace agreement

Associated Press
Published | Updated
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    FILE - In this Dec. 8, 2009 file photo, an ultra-orthodox Jewish man passes by Palestinians sitting in a coffee shop near Damascus gate in Jerusalem's Old City. The RAND Corp. nonprofit research organization published a new study Monday, June 8, 2015, indicating that Israelis and Palestinians would gain billions of dollars from peace. The findings are in line with long-time arguments that peace is in the economic interest of both sides. (AP Photo/Tara Todras-Whitehill, File) (The Associated Press)

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    FILE - In this Sunday, Aug. 16, 2009 file photo, a tourist walks past a poster showing the Dome of the Rock Mosque and the Al-Aqsa Mosque compound in Jerusalem's Old City. The RAND Corp. nonprofit research organization published a new study Monday, June 8, 2015, indicating that Israelis and Palestinians would gain billions of dollars from peace. The findings are in line with long-time arguments that peace is in the economic interest of both sides. (AP Photo/Sebastian Scheiner, File) (The Associated Press)

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    FILE - In this Feb. 22, 2007 file photo, a Palestinian who offers donkey rides to tourists shares a laugh with an Ultra-orthodox Jewish man at the Mount of Olives, overlooking Jerusalem's Old City. The RAND Corp. nonprofit research organization published a new study Monday, June 8, 2015, indicating that Israelis and Palestinians would gain billions of dollars from peace. The findings are in line with long-time arguments that peace is in the economic interest of both sides. (AP Photo/Oded Balilty, File) (The Associated Press)

JERUSALEM – A new study says that Israelis and Palestinians would gain billions of dollars from peace.

The RAND Corp. study published Monday indicates over the next decade Israelis would gain $120 billion from a peace deal. The Palestinians would gain $50 billion, marking a 36-percent rise in their average per-capita income.

In contrast, a return to violence would see the Israeli economy lose some $250 billion in foregone economic opportunities, while the Palestinians could see their per-capita gross domestic product fall by as much as 46 percent.

The findings are in line with long-time arguments that peace is in the economic interest of both sides.

C. Ross Anthony, director of RAND's Israeli-Palestinian Initiative, says he hopes the research will offer "alternatives to the current destructive cycle of action, reaction and inaction."