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In the light of Stiglitz and Bilmes (2008): The true cost of the Gaza war for Israel

Author

Listed:
  • Khaled Elmawazini

    (Gulf University for Science and Technology)

  • Ali Polat

    (Gulf University for Science and Technology)

  • Adel Behzadi

    (Kuwait TechNet Company)

Abstract

The cost of the Gaza war for Israel, as estimated by the Israeli Minister of Finance and the Bank of Israel, does not consider a wide range of expenses, which have not been disclosed to Israeli taxpayers. This article examines the true cost of the Gaza war for Israel using Stiglitz and Bilmes’ (2008) approach. The findings indicate that the true cost of the war, based on our calculations, is more than three times the budgetary costs estimated by the Israeli Ministry of Finance and Bank of Israel. We also demonstrate that the ultimate cost could be higher owing to substantial future obligations on the Israeli economy.

Suggested Citation

  • Khaled Elmawazini & Ali Polat & Adel Behzadi, 2025. "In the light of Stiglitz and Bilmes (2008): The true cost of the Gaza war for Israel," Economics of Peace and Security Journal, EPS Publishing, vol. 20(2), pages 5-11, November.
    • Handle: RePEc:epc:journl:v:20:y:2025:i:2:p:5-11
    DOI: 10.15355/epsj.20.2.5
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    File URL: https://www.epsjournal.org.uk/index.php/EPSJ/article/view/459/528
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    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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