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Economic Challenges for East Timor

Author

Listed:
  • Lundahl, Mats

    (Stockholm School of Economics)

  • Sjöholm, Fredrik

    (Department of Economics, Lund University)

Abstract

The situation in East Timor is turbulent and future growth prospects are indeterminate. This paper discusses the economic challenges facing East Timor. Most inhabitants depend on subsistence farming and there is a need to both modernize agriculture and to foster a modern sector that can generate employment for the growing population. Public expenditures play an important role in this development and East Timor is fortunate to have a large petroleum fund to utilize for economic growth and development. Unfortunately, the fund is about to dry up. There are also clear signs that a large part of investments and development efforts are misplaced. Political conflicts and weak institutions are explaining some of the failures to generate a more growth enhancing economic environment.

Suggested Citation

  • Lundahl, Mats & Sjöholm, Fredrik, 2020. "Economic Challenges for East Timor," Working Papers 2020:14, Lund University, Department of Economics.
    • Handle: RePEc:hhs:lunewp:2020_014
    as

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    References listed on IDEAS

    as
    1. Mats Lundahl & Fredrik Sjöholm, 2013. "Improving the Lot of the Farmer: Development Challenges in Timor-Leste during the Second Decade of Independence," Asian Economic Papers, MIT Press, vol. 12(2), pages 71-96, Summer.
    2. International Monetary Fund, 2019. "Guatemala: 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2019/168, International Monetary Fund.
    3. International Monetary Fund, 2019. "Republic of Belarus: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus," IMF Staff Country Reports 2019/009, International Monetary Fund.
    4. International Monetary Fund, 2019. "Iceland: 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2019/375, International Monetary Fund.
    5. International Monetary Fund, 2019. "Kyrgyz Republic: 2019 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2019/208, International Monetary Fund.
    6. International Monetary Fund, 2019. "Democratic Republic of the Congo: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo," IMF Staff Country Reports 2019/285, International Monetary Fund.
    7. International Monetary Fund, 2019. "Mexico: 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2019/336, International Monetary Fund.
    8. International Monetary Fund, 2019. "Qatar: 2019 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 2019/146, International Monetary Fund.
    9. World Bank, "undated". "World Bank East Asia and Pacific Economic Update, April 2020," World Bank Publications - Reports 33477, The World Bank Group.
    10. World Bank, 2020. "Doing Business 2020," World Bank Publications - Books, The World Bank Group, number 32436.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Charles Scheiner, 2021. "Timor‐Leste economic survey: The end of petroleum income," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 8(2), pages 253-279, May.

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    More about this item

    Keywords

    East Timor; Development; Oil; Agriculture; Industr;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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