Interpreting Market Behavior: Price Bubbles in the Non-Metallic Mineral Sector Following an Earthquake
Abstract
With the use of cutting-edge technologies, a variety of inorganic substances, including clay, kaolin, quartz, feldspar, and limestone, are combined in specific proportions to produce materials and products that are then heated and shaped as needed. There are twelve distinct sub-sectors in this sector, which is devoid of public institutions. Labor-intensive companies in the stone and soil-based sector will be able to provide themselves a competitive edge with fewer variables under more competitive circumstances. Another major risk to the sector is the potential for a major earthquake with catastrophic effects. The effects of the earthquake that struck on February 6 in this specific setting were examined in this study. The Borsa Istanbul (BIST) Stone and Soil Based Industry Index was used to track the effects of the 2023 earthquake using data from 16.06.2022 to 15.03.2024. The GSADF test revealed ten distinct price bubbles between 2022 and 2024 as a result of the earthquake and other factors.
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References
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