Emergence of sovereign wealth funds

This paper tests the theoretically founded hypothesis that the surge of SWF establishments is determined by three main factors: 1) the existence of natural resources profits, 2) the government structure and 3) the ability to invest usefully in the domestic economy. We test this hypothesis on a samp...

Full description

Bibliographic Details
Main Authors: Carpantier, J, Vermeulen, W
Format: Working paper
Published: University of Oxford 2014