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Sovereign Wealth Funds and Caribbean Economic Development: Measures Matter

Author

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  • Sharland, Alex
  • Affuso, Ermanno

Abstract

This short paper presents a brief survey of the literature on Sovereign Wealth Funds (SWF) as a potential trigger of economic growth in developing countries. Some authors argue that a stable institutional environment that eases public and private investments could be the primary determinant of growth. Given the limited data availability, we compare the economic statistics of Trinidad and Tobago and Botswana, countries with a SWF, versus Jamaica and Namibia as control counterparts. The paper discusses the possibility that returns on a SWF could lead to sustainable growth if they are invested in human capital formation.

Suggested Citation

  • Sharland, Alex & Affuso, Ermanno, 2019. "Sovereign Wealth Funds and Caribbean Economic Development: Measures Matter," Farm and Business - The Journal of the Caribbean Agro-Economic Society, Caribbean Agro-Economic Society, vol. 11(1), December.
    • Handle: RePEc:ags:fabtho:303032
    DOI: 10.22004/ag.econ.303032
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