SOVEREIGN WEALTH FUND APPLICATIONS IN TURKEY AND THE WORLD

dc.contributor.authorArslan, Seçkin
dc.contributor.authorBerkman, Ayberk Nuri
dc.contributor.authorKayıkcıoğlu, Tuğba
dc.date.accessioned2024-11-07T13:19:35Z
dc.date.available2024-11-07T13:19:35Z
dc.date.issued2018
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractIn 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.
dc.identifier.doi10.7827/TurkishStudies.14674
dc.identifier.endpage124
dc.identifier.issn1308-2140
dc.identifier.issue26
dc.identifier.startpage107
dc.identifier.trdizinid301849
dc.identifier.urihttps://doi.org/10.7827/TurkishStudies.14674
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/301849
dc.identifier.urihttps://hdl.handle.net/11480/13218
dc.identifier.volume13
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofTurkish Studies (Elektronik)
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241107
dc.subjectİşletme
dc.subjectİktisat
dc.subjectİşletme Finans
dc.titleSOVEREIGN WEALTH FUND APPLICATIONS IN TURKEY AND THE WORLD
dc.typeArticle

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