أثر الحوكمة الجيدة لصناديق النفط على التنويع الاقتصادي : صندوق النفط النرويجي نموذجا

Abstract EN

Through this study, we aime to develop a standard model of the impact of oil fund governance on economic diversification in Norway during the period 2007-2018.

The Norwegian oil fund governance was evaluated using the Truman index which is divided into four criteria: structuring, governance, accountability and transparency, fund behavior, while economic diversification was measured using the Herfindahl-Hirschman index.

We concluded that the Norwegian Oil Fund is characterized by good governance, as it is the first fund in the world according to the Truman Sovereign Fund Governance Index.

The good governance of the fund has led to huge financial returns on its assets investments.

These investments contributed to the diversification of the Norwegian economy and reduced dependence on the oil sector.

This result was confirmed by the standard model that showed the positive impact of oil fund governance on the Hervandal Hirschmann index in Norway.