The Impact of the Performance of Sovereign Wealth Funds on the Economic Sustainability of Agriculture in Selected Arab Countries and the Possibility of Using them in Iraq.

Section: Research Paper
Published
Aug 4, 2025
Pages
229-253

Abstract

Sovereign wealth funds play a crucial role in helping rentier countries manage the challenges associated with their high dependence on natural resources such as (Dutch disease, external shocks resulting from low prices or global demand for those resources, structural distortion, and maldistribution between generations), and by diversifying sources of revenues, achieving financial stability, enhancing long-term economic sustainability, and achieving intergenerational justice.The research aims to test the impact of the performance of sovereign wealth funds on the sustainability of the agricultural sector in Algeria, Mauritania, and Libya, and whether it is possible to benefit from the experience of those countries in Iraq. It was based on time series data for the period (2008-2020). To estimate the model that was built (and using the ARDL methodology) by considering agricultural output as a percentage of GDP as a dependent variable, and each of the performance of sovereign wealth funds, total domestic investments, and foreign direct investment) as independent variables and the results proved the validity of the research hypothesis of the existence of a direct relationship between... Performance of sovereign wealth funds and economic sustainability of agriculture.

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