Reserves, Sovereign Wealth Funds and the Resilience of Global Imbalances

Alberola, Enrique; Serena, José María

doi:10.1111/j.1468-0300.2008.00203.x

Cited by 11 publications

(5 citation statements)

References 10 publications

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“…For those controlling the rents from these resources, whether public or private, the last decade has been a period of massive wealth accumulation, which does not appear to be subsiding anytime soon. Another source of wealth accumulation has come from current account imbalances in the global economy (Alberola and Serena 2008). Deficit countries, particularly the United States, have amassed significant liabilities vis-à-vis surplus countries-namely, China.…”

Section: Sovereign Fund Capitalismmentioning

confidence: 99%

Frontier Finance

Dixon

Monk

2014

Annals of the Association of American Geographers

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Section: Sovereign Fund Capitalismmentioning

confidence: 99%

Frontier Finance

Dixon

Monk

2014

Annals of the Association of American Geographers

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“…There is significant positive relationship between wealth maximizing technical efficiency and Ex, DC, NFAC, NSI, RRI, GDPcu (Alberola & Serena, 2008;Di Gioacchino, Ginebri, & Sabani, 2008;Dmitriev & Roberts, 2012b;Franzini et al, 2016)…”

Section: H6mentioning

confidence: 99%

The macroeconomic determinants of cross-country efficiency in wealth maximization

Rosid

Xuefeng

Paul

et al. 2020

IJRBS

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In the arena of economic analysis, the wealth of a nation is getting more and more attention to be a better indicator to evaluate the status of an economy. This paper had studied the aggregate household wealth of different nations of the world, 106 countries, for the year 2009-2018. During these years, only two countries of the world, China and the USA have managed to increase their wealth tremendously over the last decade while others experienced a slow pace in the growth of wealth. To satisfy the query of how efficient these countries were in maximizing their wealth, a stochastic frontier approach (SFA) has been used to predict the technical efficiency dependent variable and then generalized methods of moments (GMM) and other models have been used to find out the determinants of this efficiency. The study had come up with the result that land, labor, and capital mainly contributed to the output of wealth maximization while past year level of efficiency, export, and import played the main roles in determining the wealth maximizing efficiency status of a nation. It is found that there is a negative relationship between past-year efficiency with current years and the more a country imports, the less efficient the country is while the more it exports, the more efficient the country is in maximizing wealth.

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“…According to the SWF Institute, CIC is the fourth largest SWF with USD 652.7 billion in assets behind Norway, UAE and Saudi Arabia (at least until the latter's recent [2016] decline). Alberola and Serena (2008: 329) characterize the Corporation as the epitome of a compromise between net importing and exporting countries, with the US, above all, being reliant on inflows from bodies such as the Corporation to finance worsening trade deficits.…”

Section: Manufacturing Export Founded Swf -Chinamentioning

confidence: 99%

New investor categories, agility and HRM: The case of Sovereign Wealth Funds

Cumming

Filatotchev

Reinecke

et al. 2020

Human Resource Management Review

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This article reviews the existing literature on SWFs and the firm, focusing particular attention on the implications of the rise of SWFs strategic agility and HRM. This paper outlines three main channels through which sovereign wealth fund (SWF) investment has implications for employees. First, SWFs influence macroeconomic environments, and hence affect labor conditions. Second, institutional conditions in different countries shape the behavior of SWFs around the world, which in turn has implications for HR strategy and practice. Fourth, SWFs can have a direct effect on the corporate governance and hence HR strategies and employees of organizations in which they invest. We review and discuss these three channels and outline avenues for future research.

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Reserves, Sovereign Wealth Funds and the Resilience of Global Imbalances

Cited by 11 publications

References 10 publications

Frontier Finance

Frontier Finance

The macroeconomic determinants of cross-country efficiency in wealth maximization

New investor categories, agility and HRM: The case of Sovereign Wealth Funds

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