Economics at your fingertips  


Ole Bjørn Røste
Additional contact information
Ole Bjørn Røste: Norwegian University of Science and Technology

Chapter Chapter 1 in Norway’s Sovereign Wealth Fund, 2021, pp 1-18 from Springer

Abstract: Abstract This chapter presents the topic: How a small state like Norway is able to capitalize on its rich sub-sea endowment of hydrocarbons, to develop and bring the resources to market, and then save a fraction of the proceeds as investments in world capital markets. This experience has been cited as successful. The author shows how this came about in a thorough discussion of the case, emphasizing institutions. The working and implications of Norway’s large SWF is important. The Fund in operation since 1998 is, however, preceded by a chain of events since the first major oil find in 1969. Important serially dependent steps including earn, save, and invest were completed. The emphasis has been on financial sustainability, and increasingly on profitability and ethics.

Date: 2021
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This item can be ordered from

DOI: 10.1007/978-3-030-74107-5_1

Access Statistics for this chapter

More chapters in Natural Resource Management and Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2023-06-06
Handle: RePEc:spr:nrmchp:978-3-030-74107-5_1