Abstract
In this paper, we assess the performance of the BEA series “value of motor vehicle output” as an indicator of the business cycle over the period 1968–2007. We statistically assess the causal relationship between real motor vehicle output (RMVO) and real gross domestic product (RGDP). This is accomplished by standard estimation and statistical methods used to assess vector autoregressive models. This assessment represents the initial results of a more encompassing research project, the intent of which is to determine the dynamic interaction of the transport sector with the overall economy. It’s a start to a more comprehensive assessment of how transport and economic activity interrelate.
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THE 64th INTERNATIONAL ATLANTIC ECONOMIC CONFERENCE
Savannah, Georgia
7–10 October 2007
MACROECONOMICS, INVESTMENT, AND BUSINESS CYCLES
10 October 2007 Wednesday 09h00– 11h00
The authors of this paper would like to gratefully acknowledge the sponsorship of Ed Wall, Program Manager, Office of FreedomCar and Vehicle Technology, U.S. Department of Energy.
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Santini, D.J., Poyer, D.A. Motor Vehicle Output and GDP, 1968–2007. Atl Econ J 36, 483–491 (2008). https://doi.org/10.1007/s11293-008-9139-5
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DOI: https://doi.org/10.1007/s11293-008-9139-5