Swedish Freight Demand: Short, Medium, and Long Term Elasticities
Publikation/Tidskrift/Serie: Journal of Transport, Economics, and Policy
Förlag: University of Bath
This paper explores empirical linkages between cycles and trends in freight transportation activity and real economic activity in Sweden. It decomposes freight demand into short-term, medium-term and long-term components and analyzes differences and similarities of the three time horizons. The finding is that freight demand is coupled with GDP over the long-term and that there are no signs of decoupling. Freight demand, furthermore, is highly volatile over the short to medium term and these fluctuations are largely an effect of temporary changes in imports and exports.
- freight demand
- economic growth
- business cycles
- ISSN: 0022-5258