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Economic Challenges for East Timor

Lundahl, Mats and Sjöholm, Fredrik LU (2020) In Working Papers
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... (More)
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. (Less)
Please use this url to cite or link to this publication:
author
and
organization
publishing date
type
Working paper/Preprint
publication status
published
subject
keywords
East Timor, Development, Oil, Agriculture, Industry, O13, O14, O53
in
Working Papers
issue
2020:14
pages
20 pages
language
English
LU publication?
yes
id
52b6a2a8-7701-48f9-b50e-6eb286625d8f
alternative location
https://swopec.hhs.se/lunewp/abs/lunewp2020_014.htm
date added to LUP
2020-09-02 11:03:13
date last changed
2020-09-02 11:31:41
@misc{52b6a2a8-7701-48f9-b50e-6eb286625d8f,
  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.}},
  author       = {{Lundahl, Mats and Sjöholm, Fredrik}},
  keywords     = {{East Timor; Development; Oil; Agriculture; Industry; O13; O14; O53}},
  language     = {{eng}},
  month        = {{08}},
  note         = {{Working Paper}},
  number       = {{2020:14}},
  series       = {{Working Papers}},
  title        = {{Economic Challenges for East Timor}},
  url          = {{https://swopec.hhs.se/lunewp/abs/lunewp2020_014.htm}},
  year         = {{2020}},
}