Freight Transportation Activity, Business Cycles and Trend Growth
AbstractThis paper studies empirical linkages between cycles and trends in freight transportation activity and real economic activity in Sweden. We find that cycles in freight transportation are highly contemporaneously correlated with cycles in economic variables over both the short run and the medium run. The pattern of long run growth in freight transportation activity coincides with growth in economic variables during long periods, but there are also periods with substantial differences. Furthermore, we observe and explain a large decline in trend growth in tonne-kilometres by road from the mid-nineties and onwards.
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Bibliographic InfoPaper provided by Lund University, Department of Economics in its series Working Papers with number 2007:15.
Length: 30 pages
Date of creation: 13 Sep 2007
Date of revision:
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Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden
Phone: +46 +46 222 0000
Fax: +46 +46 2224613
Web page: http://www.nek.lu.se/en
More information through EDIRC
freight transportation; business cycles; trend growth; decoupling; efficiency;
Find related papers by JEL classification:
- C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
- E29 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Other
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
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