Working Papers, Department of Economics, Lund University
Fredrik N G Andersson
Freight Transportation Activity, Business Cycles and Trend Growth
() and Thomas Elger
Abstract: This paper studies empirical linkages between cycles and
trends in freight transportation activity and real economic activity in
Sweden. We find that cycles in freight transportation are highly
contemporaneously correlated with cycles in economic variables over both
the short run and the medium run. The pattern of long run growth in freight
transportation activity coincides with growth in economic variables during
long periods, but there are also periods with substantial differences.
Furthermore, we observe and explain a large decline in trend growth in
tonne-kilometres by road from the mid-nineties and onwards.
Keywords: freight transportation; business cycles; trend growth; decoupling; efficiency; (follow links to similar papers)
JEL-Codes: C19; E29; L92; (follow links to similar papers)
30 pages, September 13, 2007
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