THE EFFECT OF THE COVID-19 PANDEMIC ON AGGREGATE CORPORATE PROFITS IN AMERICA
Date of Award
2022
Document Type
Thesis
Degree Name
Bachelors
Department
Social Sciences
First Advisor
Khemraj, Tarron
Area of Concentration
Quantitative Economics with Finance
Abstract
The purpose of this thesis is to provide an empirical examination of the effect of the COVID-19 pandemic on aggregate corporate profits in the United States, as well as to elucidate avenues for future research related to the topic. The null hypothesis is that the COVID-19 pandemic did not have a significant effect on aggregate corporate profits. Aggregate corporate profits are considered in an autoregression distributed lag model and estimated using Ordinary Least Squares. The initial determinants of the model include private consumer expenditure, private investment, government expenditure, net exports, net worth of businesses, research & development expenditures, and the federal funds rate. Final results show that aggregate corporate profits are not significantly impacted by the COVID-19 pandemic, but are affected by consumption, investment, government expenditures, and research & development expenditures.
Recommended Citation
Smith, Michael, "THE EFFECT OF THE COVID-19 PANDEMIC ON AGGREGATE CORPORATE PROFITS IN AMERICA" (2022). Theses & ETDs. 6304.
https://digitalcommons.ncf.edu/theses_etds/6304