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Freight Transportation Activity, Business Cycles and Trend Growth

Author

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  • 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.

Suggested Citation

  • Andersson, Fredrik N G & Elger, Thomas, 2007. "Freight Transportation Activity, Business Cycles and Trend Growth," Working Papers 2007:15, Lund University, Department of Economics.
    • Handle: RePEc:hhs:lunewp:2007_015
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    File URL: http://project.nek.lu.se/publications/workpap/Papers/WP07_15.pdf
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    References listed on IDEAS

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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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    More about this item

    Keywords

    freight transportation; business cycles; trend growth; decoupling; efficiency;
    All these keywords.

    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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