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.

MoreLess

Year of publication:	2004-08
Authors:	Lahiri, Kajal ; Yao, Wenxiong
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	dynamic factor model \| coincident indicator \| transportation sector

More details

Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Applied Economics Letters 10.11(2004): pp. 595-600
Classification:	E00 - Macroeconomics and Monetary Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008565950