Is Timor-Leste's Growth Inclusive?

Abstract

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Is Growth in Asia and the Pacific Inclusive?

“…Following Sugden (2012), this paper adopts a working definition of inclusive growth as a situation where the achievement measure increases over time, when a high and sustainable rate of economic growth is also in place. Under this definition, inclusive growth can occur even if the distribution of opportunity becomes more inequitable.…”

“…An overview of the rationale and methodology for using assets as a measure of living standards is provided in Sugden (2012). Key contributions to the topic are Pritchett (1999, 2001), Rutstein and Johnson (2004), and Filmer and Scott (2008).…”

The making of industrial relations in Timor-Leste

“…The new government made cuts to a range of taxes in an attempt to attract foreign investment, and shifted its emphasis from autonomous agriculture towards export-oriented cropping in 2008 (Anderson, 2013). The situation began to improve, driven almost entirely by government spending, which more than tripled between 2007 and 2011 (Sugden, 2012). This public expenditure was financed primarily by the petroleum fund, established in 2005 to manage revenue from the oil and gas industry, which had a balance of US$41.952bn at the end of 2013 (Ministry of Finance, 2014).…”