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Demographic shifts and their consequences for the investment funds in the EU

Ekonomika

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Title Demographic shifts and their consequences for the investment funds in the EU
 
Creator Kasnauskienė, Gindra
Michnevič, Karol
 
Subject
demographic trends, life-cycle hypothesis, investment funds, ageing

 
Description Solid theoretical reasons exist for the link between demographics and various economic, financial and social indicators. The aim of this article is to assess the influence of demographic shifts on investment fund flows in the EU from 1996 to 2013. In order to achieve this aim, a fixed effects model is constructed via panel regression and used to test the hypothesis as well as to derive conclusions. The authors hypothesise the presence of a statistically significant non-linear effect of demographic age shares on investment fund flows. The results are juxtaposed with a prior comparable research. This article is expected to benefit the financial sector and to provide guidance to market regulators.
 
Publisher Vilniaus universiteto Ekonomikos fakultetas / Vilnius University Faculty of Economics
 
Contributor
 
Date 2015-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.zurnalai.vu.lt/ekonomika/article/view/8785
10.15388/Ekon.2015.3.8785
 
Source Ekonomika; Ekonomika 2015 94(3); 7-20
1392-1258
1392-1258
 
Language lit
 
Relation http://www.zurnalai.vu.lt/ekonomika/article/view/8785/6476
 
Rights Autorinės teisės (c) 2015 Ekonomika