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New wealth, New wisdom: Updating the narrative of sovereign wealth fund creation

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  • Gouett, Matthew

Abstract

•Conventional wisdom about the types of countries that create SWFs no longer hold.•International reserve balances are not a significant predictor of SWF creation.•Evidence that current account surpluses lead to SWF creation is limited.•Resource dependence remains the most predictive indicator of SWF creation.•GDP growth is also a robust predictor of SWF creation.

Suggested Citation

  • Gouett, Matthew, 2020. "New wealth, New wisdom: Updating the narrative of sovereign wealth fund creation," Resources Policy, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:jrpoli:v:65:y:2020:i:c:s0301420719303666
    DOI: 10.1016/j.resourpol.2019.101534
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    References listed on IDEAS

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