Bubbles During Covid-19 Period: Evidence from the United States Using the Generalized Sub ADF Test
نویسندگان
چکیده
Abstract This study applies the generalized sub ADF (GSADF) tests to investigate whether bubbles exist in United States markets over period of 2015-2019, focusing on COVID-19 period. We use daily Dow-Jones stock price indexes for first time during 2015/1/7-2020/3/17. Empirical results demonstrate existence US market some sub-sample periods. Especially important, we find third bubble begins from 2020/2/26 and grows gradually, not bursting until recently, a situation that is ongoing market. Our have important policy implications investors who attempt invest
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ژورنال
عنوان ژورنال: Holistica
سال: 2021
ISSN: ['2457-5720', '2067-9785']
DOI: https://doi.org/10.2478/hjbpa-2021-0005