Transportation Indicators and Business Cycles

Transportation Indicators and Business Cycles
Author: Kajal Lahiri,Badi H. Baltagi,Efraim Sadka
Publsiher: Emerald Group Publishing
Total Pages: 143
Release: 2010-09-06
Genre: Business & Economics
ISBN: 9780857241474

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Addressing the role that the transportation sector plays in business cycle propagation, this title presents an index of the different indicators for this sector to identify its state, and predict its future, using various statistical procedures.

Key Transportation Indicators

Key Transportation Indicators
Author: National Research Council,Division of Behavioral and Social Sciences and Education,Committee on National Statistics
Publsiher: National Academies Press
Total Pages: 51
Release: 2002-07-17
Genre: Transportation
ISBN: 9780309084642

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A transportation indicator is a measure of change over time in the transportation system or in its social, economic, environmental, or other effects. Two National Research Council (NRC) studies recommended, as a matter of high priority, that the Bureau of Transportation Statistics (BTS) in the U.S. Department of Transportation (USDOT) develop a consistent, easily understood, and useful set of key indicators of the transportation system. The NRC's Committee on National Statistics and its Transportation Research Board, which conducted these studies, convened a workshop on June 13, 2000. The purpose of the Workshop on Transportation Indicators was to discuss issues relating to transportation indicators and provide the Bureau of Transportation Statistics with new ideas for issues to address.

Sustainable Transportation

Sustainable Transportation
Author: Henrik Gudmundsson,Ralph P. Hall,Greg Marsden,Josias Zietsman
Publsiher: Springer
Total Pages: 304
Release: 2015-07-03
Genre: Business & Economics
ISBN: 9783662469248

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This textbook provides an introduction to the concept of sustainability in the context of transportation planning, management, and decision-making. The book is divided into two parts. In the first part, indicators and frameworks for measuring sustainable development in the transportation sector are developed. In the second, the authors analyze actual planning and decision-making in transportation agencies in a variety of governance settings. This analysis of real-world case studies demonstrates the benefits and limitations of current approaches to sustainable development in transportation. The book concludes with a discussion on how to make sustainability count in transportation decision-making and practice.

The American Business Cycle

The American Business Cycle
Author: Robert J. Gordon
Publsiher: University of Chicago Press
Total Pages: 882
Release: 2007-11-01
Genre: Business & Economics
ISBN: 9780226304595

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In recent decades the American economy has experienced the worst peace-time inflation in its history and the highest unemployment rate since the Great Depression. These circumstances have prompted renewed interest in the concept of business cycles, which Joseph Schumpeter suggested are "like the beat of the heart, of the essence of the organism that displays them." In The American Business Cycle, some of the most prominent macroeconomics in the United States focuses on the questions, To what extent are business cycles propelled by external shocks? How have post-1946 cycles differed from earlier cycles? And, what are the major factors that contribute to business cycles? They extend their investigation in some areas as far back as 1875 to afford a deeper understanding of both economic history and the most recent economic fluctuations. Seven papers address specific aspects of economic activity: consumption, investment, inventory change, fiscal policy, monetary behavior, open economy, and the labor market. Five papers focus on aggregate economic activity. In a number of cases, the papers present findings that challenge widely accepted models and assumptions. In addition to its substantive findings, The American Business Cycle includes an appendix containing both the first published history of the NBER business-cycle dating chronology and many previously unpublished historical data series.

Transportation Data as a Tool for Nowcasting Economic Activity The German Road Pricing System as an Example

Transportation Data as a Tool for Nowcasting Economic Activity   The German Road Pricing System as an Example
Author: Roland Doehrn
Publsiher: Unknown
Total Pages: 20
Release: 2013
Genre: Electronic Book
ISBN: OCLC:1309068562

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There is a broad agreement that transportation activity is closely linked to the business cycle. Nevertheless, data from the transportation sector have not been part of the tool kit of business cycle analysts due to long publications lags. With the disseminations of electronic road pricing systems, up to date figures on transportation activity are available for an increasing number of countries. This paper analyses the performance of the German toll statistics for nowcasting industry production. It confirms that between January 2007, when the toll data were published first, and July 2012 the seasonally adjusted toll data show a closer correlation with industry production than business surveys like the ifo business climate or the PMI. Compared to this the forecasting power out of sample is disappointing. Though showing somewhat smaller forecast errors than the alternative models tested the advantage of the toll based models is not statistically significant as a rule. Given the small publication lead against industry production and the publication lag against business sentiment indicators one should not be over-enthusiastic on the opportunities of the toll data as a nowcasting tool, though they surely mean an addition to the business cycle analysts' tool box.

Business Cycles

Business Cycles
Author: Victor Zarnowitz
Publsiher: University of Chicago Press
Total Pages: 613
Release: 2007-11-01
Genre: Business & Economics
ISBN: 9780226978925

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This volume presents the most complete collection available of the work of Victor Zarnowitz, a leader in the study of business cycles, growth, inflation, and forecasting.. With characteristic insight, Zarnowitz examines theories of the business cycle, including Keynesian and monetary theories and more recent rational expectation and real business cycle theories. He also measures trends and cycles in economic activity; evaluates the performance of leading indicators and their composite measures; surveys forecasting tools and performance of business and academic economists; discusses historical changes in the nature and sources of business cycles; and analyzes how successfully forecasting firms and economists predict such key economic variables as interest rates and inflation.

Alternative Economic Indicators

Alternative Economic Indicators
Author: C. James Hueng
Publsiher: W.E. Upjohn Institute
Total Pages: 133
Release: 2020-09-08
Genre: Business & Economics
ISBN: 9780880996761

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Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.

Hysteresis and Business Cycles

Hysteresis and Business Cycles
Author: Ms.Valerie Cerra,A. Fatas,Ms.Sweta Chaman Saxena
Publsiher: International Monetary Fund
Total Pages: 50
Release: 2020-05-29
Genre: Business & Economics
ISBN: 9781513536996

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Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.