A dynamic factor model of the coincident indicators for the US transportation sector
AbstractThis 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 22360.
Date of creation: Aug 2004
Date of revision:
Publication status: Published in Applied Economics Letters 10.11(2004): pp. 595-600
dynamic factor model; coincident indicator; transportation sector;
Other versions of this item:
- 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.
- E00 - Macroeconomics and Monetary Economics - - General - - - General
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