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

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.

Abstract

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
• Language: English
• Keywords: dynamic factor model; coincident indicator; transportation sector
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E00 - General

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