Economic Growth to 2030 in Timor-Leste

Description

Using a growth accounting framework, this paper estimates the key inputs required by the Timor-Leste economy to narrow its income gap with the upper middle- income economies by 2030. This paper also presents estimates of the required accumulation of human and physical capital and improvements in productivity. The analysis concludes that an internationally high rate of economic growth is achievable over the long term if Timor-Leste matches the quality of policy and management of emerging Asia.