Object's details: Savings natural resource funds: effectiveness of the Norwegian Government Pension Fund Global

Provider:Akademicka Platforma Czasopism

Description

Title:
Savings natural resource funds: effectiveness of the Norwegian Government Pension Fund Global
Creator:
Dymitrowska, Yanina
Description:
Motivation: Many countries that are rich in natural resources struggle with the resource curse — the phenomenon of achieving worse economic development results by economies specializing in the extraction and export of natural resources. To address this problem, an explicit fiscal tool was proposed — natural resource funds. However, empirical studies on the effectiveness of resource funds conducted so far have delivered mixed and inconclusive results. Specifically, the effectiveness of savings funds, otherwise known as funds for future generations, which are a specific type of natural resource funds, is still being questioned.Aim: This study aims to assess the effectiveness of savings natural resource funds in countries which are rich in natural resources on the example of the Norwegian Government Pension Fund Global (GPFG).Results: The main contribution of this study is to demonstrate the effectiveness of GPFG as a savings fund for future generations. In order to achieve the research objective, a classification of funds was presented and the existing natural resource funds were categorized. Funds were divided into stabilization, investment and savings. The specificity of each type of fund was explained in detail. It was found that all savings funds are also investment funds, but the reverse relationship does not apply. The effectiveness of GPFG was studied considering the functions and tasks of individual fund types. The quantitative study confirmed the effectiveness of GPFG in increasing long-term investments in Norway. At the same time, the fulfillment of the stabilization function by the fund was also validated. The study confirms that the savings fund is an important economic policy measure to counteract the resource curse.
Object availability:
free access
Rights:
Prawa autorskie (c) 2023 Yanina Dymitrowska;
https://creativecommons.org/licenses/by-nd/4.0
Date:
2023.09.30
Type:
info:eu-repo/semantics/article;
info:eu-repo/semantics/publishedVersion
Language:
English
Source:
Ekonomia i Prawo. Economics and Law; Vol. 22 No. 3 (2023); 471-495;
Ekonomia i Prawo. Economics and Law; Tom 22 Nr 3 (2023); 471-495;
2392-1625;
1898-2255
Format:
application/pdf
Publisher:
Uniwersytet Mikołaja Kopernika w Toruniu
Relation: https://apcz.umk.pl/EiP/article/view/44444/36645
Subject:
natural resource funds;
savings funds;
growth funds;
resource curse;
The Government Pension Fund Global;
F21;
O11;
O23;
Q32;
Q38
Identifier: https://apcz.umk.pl/EiP/article/view/44444
Data provider:
Akademicka Platforma Czasopism

Similar objects

Savings natural resource funds: effectiveness of the Norwegian Government Pension Fund Global

Creator:Dymitrowska, Yanina

Date:2023.09.30

Type:text

FDI Inspired Energy Consumption in Selected Emerging Markets: Does Financial Development Matter?

Creator:Tsaurai, Kunofiwa

Date:2018.09.21 | 2018

Type:image

Gospodarka paliwowo‑energetyczna w kontekście wykorzystania odpadów do produkcji zielonej energii

Creator:Okraszewska, Ewelina

Date:2018.06.22 | 2017

Type:image

Pracownicze Plany Kapitałowe w praktyce : opłacalność programu — jego główne wady i zalety

Creator:Koćwin, Julitta | https://orcid.org/0000-0002-1128-3830 0000-0002-1128-3830

Type:other

Can I use it?:seek permission

European funds and the dynamics of economic growth among EU regions: A spatial modelling approach

Creator:Kisiała, Wojciech | Stępiński, Bartosz

Date:2024.06.21

Type:other

Wybrane aspekty funkcjonowania państwowych funduszy majątkowych. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics, 2015, Nr 403, s. 217-226

Creator:Pszczółka, Ireneusz

Date:2015.12.31 | 2015

Type:image

Konsekwencje „klątwy surowcowej” dla międzynarodowej konkurencyjności Azerbejdżanu, Kazachstanu oraz Rosji

Creator:Falkowski, Krzysztof

Date:2017.12.31 | 2017

Type:image

The losing streak of Employee Capital Plans in the pension fund market

Creator:Koćwin, Julitta

Type:other

Can I use it?:seek permission

Federacja Bibliotek Cyfrowych

Object's details: Savings natural resource funds: effectiveness of the Norwegian Government Pension Fund Global

Description

Similar objects