(Marszk 2014); hence our analysis covers Japan and South Korea, which allows comparing diffusion and substitution trajectories …Similar to economic growth, the process of technology diffusion may well be approximated by easily Exchange Traded … of innovative financial products between advanced and emerging economy. It also traces substitution effects between ETFs …

a category of the innovation diffusion models, i.e. logistic growth models in order to explore the key development … framework, with detailed description of the innovation diffusion models applied in the research (based on 3-parametric logistic …. Empirical findings indicate the significant development of the ETF market, both in terms of assets under management and market …