Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46566 
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dc.contributor.authorLahiri, Kajalen
dc.contributor.authorYao, Wenxiongen
dc.date.accessioned2011-06-10-
dc.date.accessioned2011-06-29T11:21:27Z-
dc.date.available2011-06-29T11:21:27Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/46566-
dc.description.abstractWith the increasing importance of the service-providing sectors, information from these sectors has become essential to the understanding of contemporary business cycles. This paper explores the usefulness of the transportation services output index (TSI) as an additional coincident indicator in determining the peaks and troughs of U.S. economy. The index represents a service sector that plays a central role in facilitating economic activities between sectors and across regions, and can be useful in monitoring the current state of the economy. We evaluate the marginal contribution of the TSI in identifying cyclical turning points in the context of four currently used NBER indicators. The TSI is found to have advantages over the composite index of coincident indicators in identifying turning points, and has been of critical importance in recent recessions.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3477en
dc.subject.jelE32en
dc.subject.jelC10en
dc.subject.ddc330en
dc.subject.keywordtransportation services index (TSI)en
dc.subject.keywordbusiness cyclesen
dc.subject.keywordcoincident indicatorsen
dc.subject.stwSpeditionen
dc.subject.stwLogistikunternehmenen
dc.subject.stwKonjunkturindikatoren
dc.subject.stwKonjunkturprognoseen
dc.subject.stwPrognoseverfahrenen
dc.subject.stwUSAen
dc.titleShould transportation output be included as part of the coincident indicators system?-
dc.typeWorking Paperen
dc.identifier.ppn661913848en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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