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

Author

Listed:
  • John Broadbent
  • Kenneth W. Clements
  • 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.)

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.

Suggested Citation

  • John Broadbent & Kenneth W. Clements & Lester W. Johnson, 1981. "Growth in Holdings of A New Financial Asset: A Logistic Analysis," Australian Journal of Management, Australian School of Business, vol. 6(2), pages 1-6, December.
    • Handle: RePEc:sae:ausman:v:6:y:1981:i:2:p:1-6
    DOI: 10.1177/031289628100600201
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    Cited by:

    1. Jocelyn Horne & Vance Martin & Shane Bonetti, 1986. "Asset Substitution and Aggregate Liquidity in Australia: 1969–1983," The Economic Record, The Economic Society of Australia, vol. 62(1), pages 22-36, March.
    2. K.W. Clements & J.C. Taylor, 1982. "The Pattern of Financial Asset Holdings in Australia," Economics Discussion / Working Papers 82-20, The University of Western Australia, Department of Economics.

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