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Freight Transportation Activity, Business Cycles and Trend Growth

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Author Info

  • Andersson, Fredrik N G

    ()
    (Department of Economics, Lund University)

  • Elger, Thomas

    (Department of Economics, Lund University)

Abstract

This 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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File URL: http://project.nek.lu.se/publications/workpap/Papers/WP07_15.pdf
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Bibliographic Info

Paper provided by Lund University, Department of Economics in its series Working Papers with number 2007:15.

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Length: 30 pages
Date of creation: 13 Sep 2007
Date of revision:
Handle: RePEc:hhs:lunewp:2007_015

Contact details of provider:
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
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Related research

Keywords: freight transportation; business cycles; trend growth; decoupling; efficiency;

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References

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  1. Alan S. Blinder & Louis J. Maccini, 1991. "Taking Stock: A Critical Assessment of Recent Research on Inventories," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 73-96, Winter.
  2. Olivier Blanchard & John Simon, 2001. "The Long and Large Decline in U.S. Output Volatility," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 32(1), pages 135-174.
  3. Ramsey, James B. & Lampart, Camille, 1998. "Decomposition Of Economic Relationships By Timescale Using Wavelets," Macroeconomic Dynamics, Cambridge University Press, vol. 2(01), pages 49-71, March.
  4. Ramanathan, R., 2001. "The long-run behaviour of transport performance in India: a cointegration approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(4), pages 309-320, May.
  5. Lahiri, Kajal & Yao, Vincent Wenxiong, 2006. "Economic indicators for the US transportation sector," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(10), pages 872-887, December.
  6. Patrick M. Crowley, 2007. "A Guide To Wavelets For Economists ," Journal of Economic Surveys, Wiley Blackwell, vol. 21(2), pages 207-267, 04.
  7. Jesper Lindé, 2004. "Swedish Postwar Business Cycles: Generated Abroad or at Home?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(4), pages 623-645, December.
  8. Ramsey James B., 2002. "Wavelets in Economics and Finance: Past and Future," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 6(3), pages 1-29, November.
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Cited by:
  1. Krüger, Niclas A., 2012. "Estimating traffic demand risk – A multiscale analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(10), pages 1741-1751.

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