Monthly Output Index for the U.S. Transportation Sector

Lahiri, Kajal; Stekler, Herman; Yao, Wenxiong; Young, Peg

doi:10.21949/1506076

i

Monthly Output Index for the U.S. Transportation Sector

2003-01-01
By Lahiri, Kajal ; Stekler, Herman ; Yao, Wenxiong
Series Journal of Transportation and Statistics

File Language:

English

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Creators:

Lahiri, Kajal ; Stekler, Herman ; Yao, Wenxiong ; Young, Peg
Corporate Creators:

George Washington University ; State University of New York at Albany
Subject/TRT Terms:
Series:

Journal of Transportation and Statistics
DOI:

https://doi.org/10.21949/1506076
Resource Type:

Journal Article
Geographical Coverage:

United States
Corporate Publisher:

United States. Department of Transportation. Bureau of Transportation Statistics
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.
Format:

PDF
Download URL:

https://rosap.ntl.bts.gov/view/dot/38977/dot_38977_DS1.pdf
File Type:

[PDF - 237.19 KB]
Collection(s):

BTS Products
Main Document Checksum:

urn:sha256:ed913f8df055b10af8da464c3cec1a5ccd24d396f54cbb11bccef49f9f77d1c1

File Language:

English

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