ABSTRACT This research was aimed at assessing the impact of Sovereign Wealth Funds (SWFs) as a transition finance tool on the development of a country. The research had a study population of the 60 largest SWFs in the world in 2014 and used a sample of 34 SWFs in its analysis. The study used secondary data as the main and only source of data, and collected the needed data from secondary sources like the IMF Working Paper Series, FocusEconomics, and Sovereign Wealth Fund Institute (SWFI) amongst others. The results and findings from this study are based on the data collected from the 34 sampled SWFs and their respective countries. Descriptive statistics was used in analysing the data and finally presenting the output. The profile summary of the sampled SWFs showed that 41.2% of the sampled SWFs that were established before the year 2000 dominated the top ten largest SWF from 2014 to 2016; most of the sample fell into one of three mandate categories (savings, stabilization, and development), and that 58.8% of the SWFs sampled were funded through the earnings gained from natural resources. The study conducted a correlation analysis using GDP per capita as an indicator for development, and the value of the SWFs Assets under Management (AuM) over a three-year period (2014-2016) and the results from the analysis showed that though there was a relationship between development (GDP per capita) and the size of the SWF in a country (value of AuM), the relationship was very weak and insignificant. This showed that the size of a country’s SWF was not necessarily a determinant of the development of a country.
Africa, P. & ESSUMAN, E (2021). Impact Of Sovereign Wealth Funds On Economic Development. Afribary. Retrieved from https://afribary.com/works/impact-of-sovereign-wealth-funds-on-economic-development
Africa, PSN, and EKUA ESSUMAN "Impact Of Sovereign Wealth Funds On Economic Development" Afribary. Afribary, 14 Apr. 2021, https://afribary.com/works/impact-of-sovereign-wealth-funds-on-economic-development. Accessed 21 Nov. 2024.
Africa, PSN, and EKUA ESSUMAN . "Impact Of Sovereign Wealth Funds On Economic Development". Afribary, Afribary, 14 Apr. 2021. Web. 21 Nov. 2024. < https://afribary.com/works/impact-of-sovereign-wealth-funds-on-economic-development >.
Africa, PSN and ESSUMAN, EKUA . "Impact Of Sovereign Wealth Funds On Economic Development" Afribary (2021). Accessed November 21, 2024. https://afribary.com/works/impact-of-sovereign-wealth-funds-on-economic-development