"And it's primarily in the construction industry where ... a third of that industry is Palestinians from the West Bank, and now they're not coming in to work."
"It's also affecting agriculture, where they are in, and there are other foreign workers," Yaron said.
watch nowThe ban on most of these workers returning to their employment in Israel has dramatically hurt the economy of the West Bank.
In late December, Israel's finance ministry warned that the ban on Palestinian workers could cost Israel's economy billions of shekels per month.
Fifty percent of the sites are closed and there is an impact on Israel's economy and the housing market."
Persons:
Amir Yaron, Kobi Wolf, CNBC's Dan Murphy, Yaron, Raul Sargo
Organizations:
Bank of Israel, Bloomberg, Getty, Economic, West Bank, Israel, Times, Israel Builders Association
Locations:
Jerusalem, Israel, Davos, Gaza, Times of Israel, Thailand