An error-correction model of the demand for equity mutual funds in the U.S. 1973–1994

Nelson Modeste and Muhammad Mustafa

Journal of Economics and Finance, 1999, vol. 23, issue 1, 39-44

Abstract: The purpose of this paper is to estimate an error-correction model of the U.S. demand for equity mutual funds. Using annual data for the period 1973–1994, this study finds that changes in the demand for equity mutual funds have been significantly influenced by the changes in the rate of return on equity mutual funds and savings deposits, as well as by the growth in income over the long run. Copyright Springer 1999

Date: 1999
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DOI: 10.1007/BF02752685

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