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A dynamic factor model of the coincident indicators for the US transportation sector

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  • Kajal Lahiri
  • Wenxiong Yao

Abstract

This paper studies the business cycle features of the transportation sector using dynamic factor models. The transportation reference cycles peak ahead of the economic cycles, but lag by a few months at troughs. The asymmetric relationship between these two suggests the usefulness of transportation in monitoring business cycles.

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  • Kajal Lahiri & Wenxiong Yao, 2004. "A dynamic factor model of the coincident indicators for the US transportation sector," Applied Economics Letters, Taylor & Francis Journals, vol. 11(10), pages 595-600.
    • Handle: RePEc:taf:apeclt:v:11:y:2004:i:10:p:595-600
    DOI: 10.1080/1350485042000271125
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    Cited by:

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    2. Pankaj Maheshwari & Romesh Khaddar & Pushkin Kachroo & Alexander Paz, 2016. "Dynamic Modeling of Performance Indices for Planning of Sustainable Transportation Systems," Networks and Spatial Economics, Springer, vol. 16(1), pages 371-393, March.
    3. Edwards, Seanicaa & Allen, Albert J. & Shaik, Saleem, 2006. "Market Structure Conduct Performance (SCP) Hypothesis Revisited using Stochastic Frontier Efficiency Analysis," 2006 Annual meeting, July 23-26, Long Beach, CA 21350, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Jason Angelopoulos & Costas I. Chlomoudis, 2017. "A Generalized Dynamic Factor Model for the U.S. Port Sector," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(1), pages 22-37, January-M.
    5. Dubrovsky, Valery & Yaroshevich, Natalya & Kuzmin, Evgeny, 2016. "Transactional approach in assessment of operational performance of companies in transport infrastructure," MPRA Paper 72001, University Library of Munich, Germany.

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    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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