The predictive power of an experimental transportation output index
A monthly output index for the US Transportation sector over January 1979-June 2003 is reported covering air, rail, water, truck, transit and pipeline activities. Separate indexes for freight and passenger are also constructed. The strong cyclical movements observed in the transportation output appear to be well synchronized with the NBER-defined recessions and growth slowdowns of the US economy. The series reflects the profound impact of 9/11 on the transportation sector, especially on the airlines. By December 2002 it has reached its historical peak. Given the observed relationship of the transportation output with the economy, the recent upward trend in the freight transportation strongly suggests that both the sector and the overall economy have recovered from their latest slump.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 11 (2004)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brad R Humphreys & Louis J Maccini & Scott Schuh, 2000.
"Input and Output Inventories,"
Economics Working Paper Archive
426, The Johns Hopkins University,Department of Economics.
- Brad R Humphreys & Louis J Maccini & Scott Schuh, 1997. "Input and Output Inventories," Economics Working Paper Archive 391, The Johns Hopkins University,Department of Economics.
- Brad R. Humphreys & Louis J. Maccini & Scott Schuh, 1997. "Input and output inventories," Working Papers 97-7, Federal Reserve Bank of Boston.
- Robert J. Hodrick & Edward Prescott, 1981.
"Post-War U.S. Business Cycles: An Empirical Investigation,"
451, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Hodrick, Robert J & Prescott, Edward C, 1997. "Postwar U.S. Business Cycles: An Empirical Investigation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
- Victor Zarnowitz & Ataman Ozyildirim, 2001.
"Time Series Decomposition and Measurement of Business Cycles, Trends and Growth Cycles,"
Economics Program Working Papers
01-03, The Conference Board, Economics Program.
- Zarnowitz, Victor & Ozyildirim, Ataman, 2006. "Time series decomposition and measurement of business cycles, trends and growth cycles," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1717-1739, October.
- Victor Zarnowitz & Ataman Ozyildirim, 2002. "Time Series Decomposition and Measurement of Business Cycles, Trends and Growth Cycles," NBER Working Papers 8736, National Bureau of Economic Research, Inc.
- Kajal Lahiri & Herman O. Stekler & Wenxiong Yao & Peg Young, 2003. "Monthly Output Index for the U.S. Transportation Sector," Discussion Papers 03-12, University at Albany, SUNY, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:11:y:2004:i:3:p:149-152. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.