A structural model for corporate profit in the U.S. industry

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A structural model for corporate profit in the U.S. industry

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Gomez-Sorzano, Gustavo

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Gustavo Alejandro Gomez-Sorzano

Abstract

I estimate a theoretically and statistically satisfying model to account for corporate profit represented by Net Rental Income (NRI) for one of the largest Real Estate Investment Trust companies (REIT) in the U.S. I claim that I have found an accurate method to forecasts the direction and dollar amount of corporate profit in the apartment industry in The U.S. that can be extended to the remaining branches of the U.S. industry. The variables that together account for ninety seven percent of the variation in NRI for this apartment company are, one-period time lag of lease renewals, the Federal Funds interest rate end of month, total gross potential of the company, total concessions, two-period time lag of move-ins, the ratio between total non-farm employment and total construction permits authorized, the inventory of houses in the U.S, one-period time lag of move-outs and this REIT apartment units occupied.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1144.

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Date of creation: 07 May 2006
Date of revision: 11 Dec 2006
Handle: RePEc:pra:mprapa:1144

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Find related papers by JEL classification:
C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Other Model Applications
D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior

This paper has been announced in the following NEP Reports:

NEP-ALL-2007-01-14 (All new papers)
NEP-FOR-2007-01-14 (Forecasting)

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