| Abstract: | Despite the importance of interregional shifts of capital in contributing to patterns of regional development, pension funds, a large and growing source of capital in the world, have received limited empirical investigation by geographers. An initial assessment of the geographic impact of selected pension fund investments controlled by the State of Wisconsin Investment Board (SWIB) is presented. A simple investment allocation model is employed to address several research questions. Findings indicate changes in investment categories over time and suggest interregional investment shifts that fail to fall neatly along Sunbelt/Snowbelt lines. Recent SWIB investments may be undercutting the state's competitive position with other – and in some cases Sunbelt – states. |
