Sovereign Wealth Funds and Caribbean Economic Development: Measures Matter

Alex Sharland and Ermanno Affuso

Farm and Business - The Journal of the Caribbean Agro-Economic Society, 2019, vol. 11, issue 01

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.

Keywords: Financial Economics; International Development (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ags:fabtho:303032

DOI: 10.22004/ag.econ.303032

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