Graduation Year
2021
Date of Submission
11-2020
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Murat Binay
OCLC Record Number
1241262293
Abstract
This paper examines the relationship of economic, health, and Covid-19 indicators on pandemic market performance of G20 countries. Returns are measured through benchmark indices of each respective country. Previous literature examines the relationship of economic policies on returns but fails to incorporate response protocols. This thesis builds on previous literature by adding response mechanisms while also controlling for country corruption and development. I seek to provide policy implications for future pandemics based on my findings. Using Trading Economics, Our World In Data,and an Ordinary Least Squares regression framework, I find that death rates have the greatest impact on excess returns and that lockdown leniency has a positive impact. My results reveal the importance of open economies and market freedom for better stock performance during the pandemic.
Recommended Citation
Berger, Rebecca, "What Factors Are Responsible for the Variation In Stock Market Returns of G20 Country Benchmark Indices During the 2020 Covid-19 Pandemic?" (2021). CMC Senior Theses. 2571.
https://scholarship.claremont.edu/cmc_theses/2571
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
