Sovereign wealth funds and economic growth

被引:6
作者
Affuso, Ermanno [1 ]
Istiak, Khandokar M. [1 ]
Sharland, Alex [2 ]
机构
[1] Univ S Alabama, Mitchell Coll Business 314, Econ & Finance, Mobile, AL 36688 USA
[2] Univ S Alabama, Mitchell Coll Business 314, Mkt & Quantitat Methods, Mobile, AL USA
关键词
Economic development; Sovereign wealth funds; Synthetic control method; Small island developing states; Trinidad and Tobago; EXCHANGE;
D O I
10.1057/s41260-022-00260-6
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
A synthetic control method in a comparative case study evaluates the potential effect of a sovereign wealth fund on the economic growth of a country. Trinidad and Tobago (T&T) is the focus of the case study. This is the first empirical research in the economic literature that attempts to evaluate the impact of a sovereign wealth fund on economic growth of an emerging economy. The results provide evidence that the fund contributed to a higher real per capita GDP of T&T by an estimate of $5104.57 (2010 US$) per year. The cumulative 30 years' welfare impact of the fund is approximately $107,196 (2010 US$) per capita. Small island economies should consider implementing similar programs to foster economic growth.
引用
收藏
页码:201 / 214
页数:14
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