Countries set various economic and political goals for the uninterrupted continuation of the economic growth and development process. Sovereign wealth funds have played an important role in achieving the economic and social goals of countries in recent years. Many developed and developing countries apply for wealth funds in order to use national resources more effectively. In this study, the effect of the national wealth fund on economic growth was analyzed for the period between 2007-2018 in 6 countries (Norway, Singapore, Australia, South Korea, New Zealand and Hong Kong). Dynamic panel data (GMM) method was used in the analysis. The findings obtained from the analysis confirm that sovereign wealth funds have a positive effect on economic growth.
The countries set various economic and political goals for the uninterrupted continuation of the economic growth and development process. Sovereign wealth funds have played an important role in achieving the economic and social goals of countries in recent years. Many developed and developing countries apply for wealth funds in order to use national resources more effectively. In this study, the effect of the national wealth fund on economic growth was analyzed for the period between 2007-2018 in 6 countries (Norway, Singapore, Australia, South Korea, New Zealand and Hong Kong). Dynamic panel data (GMM) method was used in the analysis. The findings obtained from the analysis confirm that sovereign wealth funds have a positive effect on economic growth.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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