Monthly Output Index for the U.S. Transportation Sector

Lahiri, Kajal; Stekler, Herman; Yao, Wenxiong; Young, Peg; George Washington University; State University of New York at Albany

doi:10.21949/1506076

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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

[PDF-237.19 KB]

English

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Creators:

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

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

George Washington University ; State University of New York at Albany

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

[+]

Business Cycles Economic Analysis Fisher Ideal Index Freight Transportation Growth Cycles Productivity Transportation Output
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.
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urn:sha256:ed913f8df055b10af8da464c3cec1a5ccd24d396f54cbb11bccef49f9f77d1c1
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https://rosap.ntl.bts.gov/view/dot/38977/dot_38977_DS1.pdf
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Monthly Output Index for the U.S. Transportation Sector

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