Impact of Oil Prices on Sovereign Funds (The Assets and Investments)

被引：0

作者：

Pauhofova, Iveta ^{[1
]}

Svocakova, Sona ^{[2
]}

机构：

[1] Slovak Acad Sci, Inst Econ Res, Sancova 56, Bratislava 81105, Slovakia

[2] Tech Univ Kosice, Fac Econ, Dept Finance, Nemcovej 32, Kosice 04001, Slovakia

来源：

EKONOMICKY CASOPIS | 2016年 / 64卷 / 01期

关键词：

Sovereign Wealth Funds; assets of SWF; oil prices; foreign direct investment;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The contribution is aimed at detecting how changes in oil prices influenced the development of assets of the oil sovereign funds, which countries possessing sovereign funds have been most affected, and whether and how changes in oil prices affected the foreign direct investments made by countries with the sovereign wealth funds. Analytical apparatus use the officially available data for oil prices, import, export, FDI and assets and investments of sovereign funds from SWF Institute. The causality between oil prices and annual growth of sovereign funds wealth in Kazakhstan, Norway and Russia has been confirmed. Shock in oil prices had the greatest impact on the value of assets in Russian sovereign wealth funds, then the SWF of Kazakhstan and the least impact had been obsereved upon Norwegian SWF. In the case of Russia, the shock in oil prices has had a long lasting effect. Saudi Arabia does not suffer from the low oil prices and it does not affect the principles of its investment decisions.

引用

页码：37 / 55

页数：19

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