Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile's income share is associated with a...

The newly independent Timor-Leste has established itself as one of the fastest growing economies in Asia and the Pacific. A concentration of economic activity in the capital has, however, raised the concern that the better off members of society are capturing most of the benefits. This study...

Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main...

1. ‘Where the Sandalwood Is Born’: East Timor until the Mid-Eighteenth Century -- 2. The Two Last Centuries of Portuguese Domination -- 3. The Indonesian Occupation -- 4. The Economy under Occupation -- 5. Launching a New State -- 6. Conclusions

1. A Poor Young Nation -- 2. From Independence to Turmoil -- 3. Political, Economic and Social Developments 2007-2018 -- 4. Population Growth and Job Creation: The Search for a Modern Sector -- 5. The Agricultural Sector -- 6. Oil and the Resource Curse -- 7. Conclusions and a Look to the Future.

This paper discusses recent economic developments, economic outlook, and risks in Timor-Leste. Growth has moderated while inflation has fallen sharply. Owing to a sharp fall in oil revenues and large development needs, Timor-Leste is facing difficult policy challenges. According to industry...