Carpantier, Jean-François; Vermeulen, Wessel N. - Centre de Recherche en Économie Appliquée (CREA), … - 2014
This paper tests the theoretically founded hypothesis that the surge of SWF establishments is determined by three main factors: 1) the existence of natural resources profits, 2) the government structure and 3) the ability to invest usefully in the domestic economy. We test this hypothesis on a...