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A Leading Indicator of Austrian Exports Based on Truck Mileage

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Author Info
Gerhard Fenz () (Oesterreichische Nationalbank)
Martin Schneider () (Oesterreichische Nationalbank)

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Abstract

The close correlation between economic activity and freight performance is emphasized in numerous international studies. With regard to Austria, timely information on truck mileage has been available since 2004 when Austria introduced road pricing. In this study, truck road pricing data compiled by the Austrian highway authority (ASFINAG) are analyzed for the first time with respect to their adequacy as a leading indicator for various macroeconomic indicators. The results show that truck mileage is a good leading indicator above all for goods exports. The timely availability provides an information advantage in analyzing economic developments of two to three months relative to the first release of export data by Statistics Austria. JEL classification: E32, E37, F17

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Publisher Info
Article provided by Oesterreichische Nationalbank (Austrian Central Bank) in its journal Monetary Policy and the Economy.

Volume (Year): (2009)
Issue (Month): 1 (April 2009)
Pages: 44-52
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:onb:oenbmp:y:2009:i:1:b:3

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Postal: Oesterreichische Nationalbank, Documentation Management and Communications Services, Otto-Wagner Platz 3, A-1090 Vienna, Austria
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Related research
Keywords: leading indicator; transport volume; export activity; business cycle; forecasting;

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This page was last updated on 2009-11-16.


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