A dynamic factor model of the coincident indicators for the US transportation sector

This 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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Year of publication:	2004-08
Authors:	Lahiri, Kajal ; Yao, Wenxiong

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Lahiri, Kajal and Yao, Wenxiong (2004): A dynamic factor model of the coincident indicators for the US transportation sector. Published in: Applied Economics Letters , Vol. 11, No. 10 (2004): pp. 595-600.
Classification:	E00 - Macroeconomics and Monetary Economics. General
Source:	BASE

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