| Title | Monthly Output Index for the U.S. Transportation Sector |
|---|---|
| Record ID | 35875 |
| Personal Name Creator |
Lahiri, Kajal; Stekler, Herman; Yao, Wenxiong; Young, Peg |
| Source | Journal of Transportation Statistics, Vol. 6, No. 2/3. 2003 27p. in various pagings |
| Corporate Creator | George Washington University; State University of New York at Albany |
| Publisher | United States. Department of Transportation. Bureau of Transportation Statistics |
| Publication Date | 20030000 |
| Language | English |
| Abstract | In this paper, we develop a monthly output index for the U.S. transportation sector from January 1980 through April 2002, covering air, rail, water, truck, transit, and pipeline activities. Separate indexes for freight and passenger are also constructed. Our total transportation output index matches very well with the annual transportation output figures produced by the Bureau of Labor Statistics and the Bureau of Economic Analysis. The strong cyclical movements of transportation output appear to be more synchronized with the growth slowdowns in the U.S. economy than full-fledged recessions. Our index led the turning points of the six National Bureau of Economic Research-defined growth cycles over the period with an average lead time of six months at peaks and five months at troughs. |
| Rosap ID | dot:38977 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/38977 |
| TRT Terms | Business cycles; Productivity; Economic analysis |
| General Subjects | Transportation output; Fisher Ideal Index; Business cycles; Growth cycles; Freight transportation |
| Geographical Coverage |
United States |
| OCLC | 55654039 |
| TRIS Online Accession No |
973672 |
| Availability | BTS Products |
| Resource type | Journal Article |
| URL | https://ntlrepository.blob.core.windows.net/lib/35000/35800/35875/lahiri.pdf |
| Format | |
| Database | NTL Digital Repository |