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Innovation through recessionary times in the U.S. auto industry

by Boccard, Travis Hale

Abstract

The United States automobile industry has been a staple in the economy for over a century. However, the auto industry has come upon hard times, two of the Big 3 required government aid within the last decade. The purpose of this thesis is to take an in depth look towards when innovation will take place in the industry, primarily looking towards whether or not recessionary times spur innovation. The hypothesis is that there will be a negative correlation between recessions and the amount of innovation within the industry. There were multiple problems with multicollinearity throughout the regression analyses that were run in this study. Ultimately there was one significant variable found in three regressions, this being the price of crude oil. The null hypothesis was neither proved nor disproved in this study.

Note

Includes bibliographical references.

Administrative Notes

None

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:5953
Digital Origin
born digital
Extent
56 pages : illustrations (some color)
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Lybecker, Kristina
Department/Program
Economics and Business
Degree Name
bachelor
Degree Type
Bachelor of Arts
Degree Grantor
Colorado College
Date Issued
2012