The Impact of Sovereign Wealth Fund Assets on Economic Development Indicators: A Study of a Sample of Countries 2013-2023

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Published: Mar 31, 2026

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Keywords:
Sovereign Wealth Funds, Financial Surpluses, Macroeconomic Indicators, External Debt, Unemployment, GDP, FDI, Panel Data Analysis.,
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DOI:10.25130/tjaes.22.73.1.27
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DOI: 10.25130/tjaes.22.73.1.27
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Narmeen Khalid Abdulrahman
College of Administration & Economic/Duhok Technical Institute
bamarninarmin9@gmail.com
Bassam Ahmed Abdullah
College of Administration & Economic/University of Duhok
bassam.abdullah@uod.ac

DOI:https://doi.org/10.25130/tjaes.22.73.1.27

Abstract

This research aims to highlight the foundations and significance of establishing sovereign wealth funds (SWFs) in countries that possess financial surpluses, especially amid economic challenges and fluctuations in oil prices. The study adopts a descriptive-analytical approach supported by panel data analysis using annual economic and financial data for the period 2013–2023. It investigates the relationship between the size of sovereign wealth assets and several macroeconomic indicators, including external debt, unemployment, gross domestic product (GDP), foreign direct investment (FDI), gross national income (GNI), the number of listed domestic companies, and agricultural value added. The analysis was conducted using EViews software.


 The results revealed statistically significant correlations between the size of sovereign assets and these indicators, reflecting the crucial role of sovereign wealth funds in supporting economic stability and achieving sustainable development. The study concludes with a set of findings and recommendations that contribute to shaping effective economic and financial policies aimed at utilizing surpluses efficiently and achieving long-term strategic goals.

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How to Cite
Narmeen Khalid Abdulrahman, & Bassam Ahmed Abdullah. (2026). The Impact of Sovereign Wealth Fund Assets on Economic Development Indicators: A Study of a Sample of Countries 2013-2023. Tikrit Journal of Administrative and Economic Sciences, 22(73 part 1), 558–574. https://doi.org/10.25130/tjaes.22.73.1.27
Issue
Vol. 22 No. 73 part 1 (2026): vol.22, no 73 part 1 year 2026
Section
Articles

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ثالثاً. المواقع الإلكترونية:

International Monetary Fund: https://www.imf.org

World Bank: https://www.worldbank.org