Are we in a bubble? Financial vulnerabilities in semiconductor, Web3, and genetic engineering markets

Zewen Wu

International Review of Economics & Finance, 2024, vol. 90, issue C, 32-44

Abstract: In the wake of the COVID-19 pandemic, investor interest in the Genetic Engineering sector surged, yet the literature largely overlooks potential price bubbles in this domain. Our study innovatively examines intrinsic price determinants, emphasizing their relation to human behavior. We rigorously investigate price bubbles in the Semiconductor, Web3, and Genetic Engineering sectors from August 2018 to August 2023, leveraging the methodologies of SADF and GSADF. By employing economically and computationally refined ratios, we accurately timestamp bubble occurrences. Our results indicate pronounced price bubble manifestations in all three sectors. Furthermore, GSADF-detected bubbles demonstrate heightened volatility compared to those identified by SADF.

Keywords: Price bubbles; SADF and GSADF; Semiconductor; Web3; Genetic engineering (search for similar items in EconPapers)
JEL-codes: C58 G14 G41 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:90:y:2024:i:c:p:32-44

DOI: 10.1016/j.iref.2023.11.002

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