Detecting Food Price Bubbles In The Fragile Eight: Comparison For The Global Crisis-Covid 19 Pandemic Periods
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Dosyalar
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Mehmet Akif Ersoy Univ
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The aim of the study is to determine the dates of food price bubbles in Fragile Eight countries during the 2008 global crisis and the Covid 19 pandemic. For this purpose, dates of food price bubbles are estimated using the FAO (Food and Agriculture Organization) Food Price Index for the period 2007:01-2020:09 through recursive right-tailed unit root tests (Sup-Augmented Dickey-Fuller; SADF and Generalized Sup-Augmented Dickey-Fuller; GSADF). As a result of the study, short-term food price bubbles were detected during the global crisis in other Fragile Eight countries, with the exception of Argentina, Brazil and Chile. When the findings of the Covid 19 pandemic period are examined, it is seen that there are food price bubbles that started in the second quarter of 2020 and are still continuing in other Fragile Eight countries except Indonesia and Argentina. Considering the impact of the drought experienced throughout the world during the pandemic period, it is an expected finding that the food price bubbles will be longer. The common point of the bubbles, which took place during the covid 19 pandemic period, is that the bubbles peaked in the fourth month of 2020. In addition, the findings show that the largest food price bubble occurred in Turkey during the Covid 19 pandemic period.
Açıklama
Anahtar Kelimeler
FAO Food Price Index; Price Bubble; Fragile Eight; SADF; GSADF
Kaynak
Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
8
Sayı
2
