Growth in Holdings of A New Financial Asset: A Logistic Analysis

John Broadbent, Kenneth Clements and Lester W. Johnson
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Lester W. Johnson: Reserve Bank of Australia, The University of Western Australia and Macquarie University respectively. We would like to acknowledge the helpful comments of Christopher Adam and an anonymous referee of this journal. The views expressed herein are not necessarily those of the Reserve Bank of Australia.

Australian Journal of Management, 1981, vol. 6, issue 2, 1-6

Abstract: This paper introduces the logistic model for the analysis of holdings of a new financial asset. The evolution of holdings of saving investment accounts in Australia is shown to follow extremely closely Oliver's (1969) generalized logistic process and that these holdings are reaching a saturation level. It is further shown that this saturation level is a function of the asset's relative rate of return.

Keywords: DEMAND ELASTICITY; LOGISTIC MODEL; NEW FINANCIAL ASSET; SATURATION LEVEL (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:6:y:1981:i:2:p:1-6

DOI: 10.1177/031289628100600201

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