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Israel and the World EconomyThe Power of Globalization$
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Assaf Razin

Print publication date: 2018

Print ISBN-13: 9780262037341

Published to MIT Press Scholarship Online: September 2018

DOI: 10.7551/mitpress/9780262037341.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2018. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 16 October 2019

Immigration Wave: Soviet Jew Exodus

Immigration Wave: Soviet Jew Exodus

(p.21) 2 Immigration Wave: Soviet Jew Exodus
Israel and the World Economy

Assaf Razin

The MIT Press

The disunion of the Soviet Union and the destruction of communism in the USSR 1987-1991 triggered the recent emigration wave of Soviet Jews to various parts of the world, primarily to Israel. The professional, social, attitudinal and behavioral characteristics of the 1990s Jewish exodus cohort proved to be distinctive. Immigrants came mostly from urban areas, with advanced education systems. Immigration produced massive investments, both in residential structures and in non-residential capital. These investments were so substantial that they increased the capital to labor ratio and facilitated economic growth, aided by the remarkable human capital brought by the immigrants. The massive investments in physical capital and infrastructures were financed by capital imports as immigrants themselves fled their former homes almost penniless and credit constrained so that they hardly saved.

Keywords:   Human Capital, Investment in infrastructure, Skilled Migrants

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