Percorrer por autor "Costa, Raquel Sofia Pedro Ribeiro da"
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- Sovereign Wealth Funds: Theory and PracticePublication . Costa, Raquel Sofia Pedro Ribeiro da; Fuinhas, José Alberto Serra Ferreira Rodrigues; Marques, António Manuel CardosoThe constitution of sovereign wealth funds (SWFs) has grown in recent years, and in the year 2000, there was a large rise which led to an increase in investment in them. After this phenomenon, more works have been carried out about SWFs as due to this large increase researchers began to believe that these funds can be detrimental to financial markets and the global economy. Once this trend in their behaviour had been observed and this opinion had been forwarded about SWFs, exploring this topic was defined as a priority. This thesis is composed of three papers and its overall objective, on the one hand, is to make the potential of this type of funds known so that they can be used positively to improve the global economy. On the other hand, we hope to contribute to demystifying the negative ideas that exist about them. We then describe the kind of work done to achieve this goal. In the first paper, we made a compilation of literature that helps to define SWFs. In the second paper, by applying a gravity model, we tested whether economic, financial, political, social and geographic variables have an impact on the investment decision that SWFs made in several countries. In the third and final paper we used the ARDL method to test whether investments made by SWFs have a positive impact on the GDP of the economies of the countries where they invest.