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

Kajal Lahiri; Wenxiong Yao

doi:10.1080/1350485042000271125

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

Kajal Lahiri
, Wenxiong Yao

Economics

University at Albany

SUNY Albany

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

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.

Original language	English
Pages (from-to)	595-600
Number of pages	6
Journal	Applied Economics Letters
Volume	11
Issue number	10
DOIs	https://doi.org/10.1080/1350485042000271125
State	Published - Aug 15 2004

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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.",

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

Abstract

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