The Philippine Maharlika investment fund by Montesclaros, Jose Ma. Luis P.

“…The Philippines is establishing a sovereign wealth fund to spur public infrastructure investments in preparation for 2025 when it no longer qualifies for aid as an upper middle-income country. …”
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Managing resource revenues: lessons for low income countries by Collier, P, Venables, A

“…Foreign asset accumulation should be used primarily to smooth volatility, rather than to build up a long-term sovereign wealth fund. Trade-offs between private and public spending channels are examined from both an economic and political economy standpoint.…”

Managing Resource Revenues: lessons for low income countries. by Collier, P, Venables, A

“…Foreign asset accumulation should be used primarily to smooth volatility, rather than to build up a long-term sovereign wealth fund. Trade-offs between private and public spending channels are examined from both an economic and political economy standpoint.…”

The elephant in the ground: managing oil and sovereign wealth by Van der Ploeg, R, van den Bremer, T

“…One of the most important developments in international finance and resource economics in the past twenty years is the rapid and widespread emergence of the $6 trillion sovereign wealth fund industry. Oil exporters typically ignore below-ground assets when allocating these funds, and ignore above-ground assets when extracting oil. …”

Guidelines for exploiting natural resource wealth by Van der Ploeg, R

“…As far as managing natural resource wealth is concerned, a case is made to use an intergenerational sovereign wealth fund to smooth consumption across generations, a liquidity fund for the precautionary buffers to deal with commodity price volatility, and an investment fund to park part of the windfall until the country is ready to absorb extra spending on domestic investment. …”

Extractive revenues and government spending: Short- versus long-term considerations by van der Ploeg, F, Venables, A

“…The prescription of optimally managing natural resource revenue windfalls by smoothing consumption across generations using an intergenerational sovereign wealth fund that only invests in foreign assets is not appropriate for resource-rich developing economies. …”

Building capabilities in natural resource-dependent economies: An innovation systems analysis of the TVET program in Guyana by Chantal Dos Santos

“…Recommended remedies include increasing the frequency of labor market surveys, attracting the Guyanese diaspora back to share knowledge, reducing the cost of energy by taking advantage of domestic renewable energy potential, and setting up a Sovereign Wealth Fund. Keywords: Innovation systems, Guyana, CARICOM, Natural resources, TVET…”
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Assessment of Mongolian Sovereign Funds by Bayarjargal Turgenbayar

“…Some would argue establishing sovereign wealth fund (SWF) is beneficial those countries with natural resource curse while others against it. …”
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Channelling The Nigeria’s Foreign Exchange Reserves into Alternative Investment Outlets: A Critical Analysis by Asimiyu Gbolagade Abiola, Francis Ojo Adebayo

“…The liquidity portfolio, long-term portfolio or investment portfolio, immunization portfolio, and the petroleum fund buffer portfolio or sovereign wealth fund.…”
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Channelling The Nigeria's Foreign Exchange Reserves into Alternative Investment Outlets: A Critical Analysis by Asimiyu Gbolagade Abiola, Francis Ojo Adebayo

“…The liquidity portfolio, long-term portfolio or investment portfolio, immunization portfolio, and the petroleum fund buffer portfolio or sovereign wealth fund. Keywords: Foreign exchange reserve; investment outlet; gross domestic product JEL Classifications: F31; P45 …”
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Channelling The Nigeria's Foreign Exchange Reserves into Alternative Investment Outlets: A Critical Analysis by Asimiyu Gbolagade Abiola, Francis Ojo Adebayo

“…The liquidity portfolio, long-term portfolio or investment portfolio, immunization portfolio, and the petroleum fund buffer portfolio or sovereign wealth fund. Keywords: Foreign exchange reserve; investment outlet; gross domestic product JEL Classifications: F31; P45 …”
Get full text

Channelling The Nigeria's Foreign Exchange Reserves into Alternative Investment Outlets: A Critical Analysis by Asimiyu Gbolagade Abiola, Francis Ojo Adebayo

“…The liquidity portfolio, long-term portfolio or investment portfolio, immunization portfolio, and the petroleum fund buffer portfolio or sovereign wealth fund. Keywords: Foreign exchange reserve; investment outlet; gross domestic product JEL Classifications: F31; P45 …”
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Assessing Kuwaiti energy pricing reforms by Shehabi, M

“…The paper offers a quantification and assessment of energy pricing reform in the current low oil price environment via a general equilibrium model of the Kuwaiti economy that embodies the structure of its economy and its labour market, its oligopolistic industries and their collusive pricing behaviour, and external flows associated with its sovereign wealth fund. Simulations clarify the required adjustments, including the seldom discussed expatriate labour exit and the decline in oligopoly rents. …”

Harnessing windfall revenues: optimal policies for resource-rich developing economies by Van der Ploeg, R

“…Standard policy advice follows the permanent income hypothesis in suggesting a sustained increase in consumption supported by interest on accumulated foreign assets (a Sovereign Wealth Fund) once resource revenue are exhausted. …”

Harnessing windfall revenues: optimal policies for resource-rich developing countries by Venables, A, Van der Ploeg, R

“…Standard policy advice follows the permanent income hypothesis in suggesting a sustained in increase in consumption supported by interest on accumulated foreign assets (a Sovereign Wealth Fund) once resource revenues are exhausted. …”

Harnessing Windfall Revenues: Optimal policies for resource-rich developing economies. by Ploeg, F, Venables, A

“…We show that the permanent income hypothesis prescription of an ever-lasting increase in consumption financed by borrowing ahead of the windfall and then accumulating a Sovereign Wealth Fund (SWF) is not optimal for capital-scarce developing economies. …”

Devaluation’s Impact on the Formation of Kazakhstan Government Budget: The Factor of the National Fund Investment Income by Vyacheslav Yu. Dodonov

“…In Kazakhstan, the impact of devaluation on the formation of the state budget is specific, associated with the presence of a special source of its income in the form of transfers from the sovereign wealth fund (National Fund). During the period of low oil prices, revenues to the National Fund from the oil sector decreased, and its accelerated spending began, which brought to the forefront investment income as one of the main source of its receipts. …”
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The Neoliberalization of the Norwegian Welfare State<subtitle>Public Investments in a Privatized Global Economy</subtitle> by Yngve Solli Heiret

“…On the other hand, it has built up the worldʼs largest sovereign wealth fund by channeling surplus petroleum profits into rent extraction in global financial markets. …”
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Sustainability of Public Investment Approach for Management of Oil Revenues: The Case of IRAN by arash fakhrizadeh, Hossein Tavakolian, Seyyed Ahmad Reza Jalali Naini

“…First, the share of oil revenues to a sovereign wealth fund (SWF) is determined. Second, the remainder is allocated between current and investment expenditures. …”
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Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries by Toon Vandyck, Alban Kitous, Bert Saveyn, Kimon Keramidas, Luis Rey Los Santos, Krzysztof Wojtowicz

“…The lack of a sovereign wealth fund, in combination with limited oil reserves, makes parts of Sub-Saharan Africa particularly vulnerable to sustained periods of low oil prices. …”
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