SOVEREIGN WEALTH FUND APPLICATIONS IN TURKEY AND THE WORLD

Küçük Resim Yok

Tarih

2018

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Erişim Hakkı

info:eu-repo/semantics/openAccess

Özet

In the study, general information on Sovereign Wealth Funds (SWF)which are applied in many world countries and have been increasingrapidly since the year 2000 is provided. The examples of Norway, AbuDhabi, and China, which are in the first three ranks regarding the size ofthe fund, are included, and Azerbaijan and the recently establishedTurkey’s SWFs are examined. Upon examining the given examples, it istried to determine the similarities or differences between Turkey’s SWFsand conventional SWFs in terms of objectives and resources.SWFs, in general, are expressed as public savings of the countriesthat are allowed to be invested abroad using transferring a considerablepart of current account/budget surpluses, natural resources as well asprivatization revenues to future generations for them to live morecomfortable lives.It is seen that Azerbaijan, Abu Dhabi, and Norway provideresources for the fund by using oil revenues, while China utilizes non-commodity sources as the means of funding. Turkey, on the other hand, prefers resources such as privatization revenues and public revenues.Regarding funding resources, 57% of SWFs are based on oil and gasrevenues, and 43% are based on non-commodity revenues.Consequently, the recently established TSWF might be providingTurkey with crucial opportunities for achieving its targets over the years2023, 2053 and 2071; for performing its mega projects, along withdevelopment and improvement of the country. Moreover, it is thoughtthat international investors would invest in Turkey with the effectiveoperations of TSWF and contribute to the growth of the Turkish economyalong with the revenues.

Açıklama

Anahtar Kelimeler

İşletme, İktisat, İşletme Finans

Kaynak

Turkish Studies (Elektronik)

WoS Q Değeri

Scopus Q Değeri

Cilt

13

Sayı

26

Künye