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Lookup NU author(s): Dr Francisco ArealORCiD
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).
We apply the recent generalized sup augmented Dickey-Fuller (GSADF) test for explosive bubbles (Phillips et al., 2012) to monthly time-series for food, beverages, agricultural raw material, cereals, dairy, meat, oils and sugar indices and a total of 28 agricultural commodities between 1980-2012. We found price bubbles occurred for 6 out of the 10 indices studied and for 6 out of the 28 commodities within food markets. Results from the tests can help implementing policies aimed at mitigating effects of future price bubbles to targeted food commodity markets that may require special attention.
Author(s): Areal F, Balcombe K, Rapsomanikis G
Publication type: Article
Publication status: Published
Journal: Economía Agraria y Recursos Naturales – Agricultural and Resource Economics
Print publication date: 01/06/2016
Acceptance date: 01/02/2016
Date deposited: 10/05/2019
ISSN (print): 1578-0732
ISSN (electronic): 2174-7350
Publisher: Universitat Politècnica de València
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