Date of Award

3-25-2024

Document Type

Thesis

Degree Name

Master of Science (MS)

Department

Department of Economics: Applied Economics

First Advisor

George Waters

Abstract

Recent asset pricing bubble bursts in some markets beg the question of whether bubbles exist in others. Determining whether they exist has been investigated for years, with various approaches. This paper combines the Engle-Granger technique with a GSADF test to test for bubbles in corn and soybean futures prices. I attempt to find measures for the market fundamentals of the futures, employing PPIs and costs of production for each commodity. My findings provide some evidence for the existence of bubbles, though the results are not definitive. Overall, the findings imply a possibility for bubbles but also apossibility of true increases in the underlying value of agricultural commodities

Comments

Imported from Riffle_ilstu_0092N_12623.pdf

DOI

https://doi.org/10.30707/ETD2024.20240618063950837793.999931

Page Count

51

Download

Share

COinS