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."