2003
DOI: 10.2139/ssrn.345580
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Monthly Output Index for the U.S. Transportation Sector

Abstract: We develop a monthly output index of the U.S. Transportation sector over 1980Transportation sector over :1-2002 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 (BLS) and the Bureau of Economic Analysis (BEA). The strong cyclical movements in the transportation output appear to be more… Show more

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Cited by 15 publications
(13 citation statements)
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“…Fuel efficiency metrics in the transportation industry are based upon several aggregate measures of output. In the aviation industry, the Bureau of Transportation Statistics includes air revenue ton miles and air revenue passenger miles (Lahiri et al, 2003). Internationally, revenue ton kilometers and revenue passenger kilometers are used (Owen, 2008).…”
Section: Fuel Efficiency Indexmentioning
confidence: 99%
“…Fuel efficiency metrics in the transportation industry are based upon several aggregate measures of output. In the aviation industry, the Bureau of Transportation Statistics includes air revenue ton miles and air revenue passenger miles (Lahiri et al, 2003). Internationally, revenue ton kilometers and revenue passenger kilometers are used (Owen, 2008).…”
Section: Fuel Efficiency Indexmentioning
confidence: 99%
“…However, these extra turning points are very short and mild. The extra recession signal in 1995 is associated with a growth cycle recession instead of a full-fledged recession in the transportation sector (Lahiri et al, 2003). The other false signal might be caused by a sector-wide temporary shock, as seen in most transportation indicators.…”
Section: The Predictive Power Of the Constructed Transportation CLImentioning
confidence: 99%
“…Second, income is subject to business cycles. Consequently, various transportation measures must also show procyclical behavior, as they are part of the generic aggregate consumption expenditure, cf., Table 2 in Lahiri et al (2003) . Then, any transportation study relying (only) on income data may reach statistically misleading conclusions due to bias caused by cycles.…”
Section: Introductionmentioning
confidence: 99%