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.
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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.
|Item Type:||MPRA Paper|
|Original Title:||A dynamic factor model of the coincident indicators for the US transportation sector|
|Keywords:||dynamic factor model; coincident indicator; transportation sector|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General > E00 - General|
|Depositing User:||Kajal Lahiri|
|Date Deposited:||29. Apr 2010 00:18|
|Last Modified:||14. Feb 2013 12:42|
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