Scandinavian Working Papers in Economics

Working Papers,
Lund University, Department of Economics

No 2020:14: Economic Challenges for East Timor

Mats Lundahl () and Fredrik Sjöholm ()
Additional contact information
Mats Lundahl: Stockholm School of Economics
Fredrik Sjöholm: Department of Economics, Lund University, Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund, Sweden

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.

Keywords: East Timor; Development; Oil; Agriculture; Industr

JEL-codes: O13; O14; O53

20 pages, August 7, 2020

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