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