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

Kajal Lahiri and Vincent Yao

Applied Economics Letters, 2004, vol. 11, issue 10, 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.

Date: 2004
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DOI: 10.1080/1350485042000271125

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