Logo
Munich Personal RePEc Archive

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.

[thumbnail of MPRA_paper_22360.pdf]
Preview
PDF
MPRA_paper_22360.pdf

Download (166kB) | Preview

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.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.