Giora Eiland has just authored a study by this name.
Ami Isseroff calls it A futile analysis
The study is included at end of his article. His complaint,
The questions that are raised for example, such as why Israel might need a budget that is larger than the combined defense budgets of its neighbors are not answered, and instead a panacea is offered: multi-year defence planning.
I would have thought the answer is obvious.
