Should transportation output be included as part of the coincident indicators system?:
With 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 det...
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| Format: | Elektronisch Buchkapitel |
| Sprache: | English |
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OECD Publishing
2012
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| Online-Zugang: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Zusammenfassung: | With 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 US 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 |
| Beschreibung: | 1 Online-Ressource (24 Seiten) 21 x 28cm |
| DOI: | 10.1787/jbcma-2012-5k9bdtjzj45j |
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| spelling | Lahiri, Kajal Verfasser aut Should transportation output be included as part of the coincident indicators system? Kajal Lahiri and Wenxiong Yao Paris OECD Publishing 2012 1 Online-Ressource (24 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier With 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 US 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 Economics Yao, Wenxiong ctb https://doi.org/10.1787/jbcma-2012-5k9bdtjzj45j Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lahiri, Kajal Should transportation output be included as part of the coincident indicators system? Economics |
| title | Should transportation output be included as part of the coincident indicators system? |
| title_auth | Should transportation output be included as part of the coincident indicators system? |
| title_exact_search | Should transportation output be included as part of the coincident indicators system? |
| title_exact_search_txtP | Should transportation output be included as part of the coincident indicators system? |
| title_full | Should transportation output be included as part of the coincident indicators system? Kajal Lahiri and Wenxiong Yao |
| title_fullStr | Should transportation output be included as part of the coincident indicators system? Kajal Lahiri and Wenxiong Yao |
| title_full_unstemmed | Should transportation output be included as part of the coincident indicators system? Kajal Lahiri and Wenxiong Yao |
| title_short | Should transportation output be included as part of the coincident indicators system? |
| title_sort | should transportation output be included as part of the coincident indicators system |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/jbcma-2012-5k9bdtjzj45j |
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