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

Matthew Gouett

Resources Policy, 2020, vol. 65, issue C

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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:65:y:2020:i:c:s0301420719303666

DOI: 10.1016/j.resourpol.2019.101534

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