TY  - JOUR
SN  - 1753-7177
UR  - http://dx.doi.org/10.1504/IJDSRM.2016.079795
ID  - discovery1529144
N2  - The dry bulk industry witnessed a boom and bust phase between 2005 and 2010. The aim of this work is to assess whether this pattern was driven by speculation or was a supply and demand outcome. In order to evaluate the presence of speculation, a global multi-factor risk model is implemented to estimate the long-term (cointegration) relationship between freight rates and cargo prices. The empirical results obtained suggest that a speculative period took place in the dry bulk industry between 2005 and 2011.
KW  - Dry Bulk Cargo
KW  -  Freight Rates
KW  -  Speculation
A1  - Cocconcelli, L
A1  - Medda, F
JF  - International Journal of Decision Sciences, Risk and Management
EP  - 281
AV  - public
VL  - 6
Y1  - 2016///
SP  - 281
TI  - Testing a speculative bubble in the dry bulk shipping market: a multi-factor approach
IS  - 3
ER  -