CAUSALITY BETWEEN DOW JONES TRANSPORTATION INDEX, CPI TRANSPORTATION INDEX AND TRANSPORTATION SERVICES INDEX

Mehmet Aldonat BEYZATLAR

doi:https://doi.org/10.17261/Pressacademia.2018.969

Makale detayları

CAUSALITY BETWEEN DOW JONES TRANSPORTATION INDEX, CPI TRANSPORTATION INDEX AND TRANSPORTATION SERVICES INDEX

Yazarlar:

Mehmet Aldonat BEYZATLAR

Yayıncı:

PressAcademia

Ana Başlıklar:

Sosyal Bilimler

Dergi:

PressAcademia Procedia 2018 Vol.8 Issue 1, pp.1-4

Belge Tipi:

Makale

Yayın Tarihi:

12/2018

Belge Dili:

İngilizce

Document ID (Org No.):

2000775673

Sıklık:

Üç Yıllık

eISSN:

2459-0762

DOI:

https://doi.org/10.17261/Pressacademia.2018.969

Özet:

 


Purpose - The purpose of this study is to bridge stock index, consumer price index, and services index in transportation sector. This paper

provides an empirical evaluation of causal relations between transportation measures and their financial side as a pioneering study.

Methodology - This study uses monthly data for our research exercise including United States for twenty-one years, from January 2000

until June 2018. The variable of interest include Dow Jones Transportation Stock Index (DJT), Consumer Price Index: Transportation (CPIT),

and Transportation Services Index (TSI).

Findings- The results indicate that the causality relations are bi-directional between all variables (i) DJT and TSI, (ii) DJT and CPIT, and (iii)

TSI and CPIT.

Conclusion- In this paper, it is argued that the determination of a causal link between transportation measures and their financial side, and

the nature of Granger-causality may have an important policy implication for policy makers, portfolio investors, and actors in

transportation sector. The strong tendency to show bi-directional Granger-causality running between variables indicates the potentially

important role of transportation in stimulating finance and vice versa.

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Makale detayları

CAUSALITY BETWEEN DOW JONES TRANSPORTATION INDEX, CPI TRANSPORTATION INDEX AND TRANSPORTATION SERVICES INDEX

Yazarlar: Mehmet Aldonat BEYZATLAR

Yayıncı: PressAcademia

Ana Başlıklar: Sosyal Bilimler

Dergi: PressAcademia Procedia 2018 Vol.8 Issue 1, pp.1-4

Belge Tipi: Makale

Yayın Tarihi: 12/2018

Belge Dili: İngilizce

Document ID (Org No.): 2000775673

Sıklık: Üç Yıllık

eISSN: 2459-0762

DOI: https://doi.org/10.17261/Pressacademia.2018.969

Sayı

Yazarlar:

Mehmet Aldonat BEYZATLAR

Yayıncı:

PressAcademia

Ana Başlıklar:

Sosyal Bilimler

Dergi:

PressAcademia Procedia 2018 Vol.8 Issue 1, pp.1-4

Belge Tipi:

Makale

Yayın Tarihi:

12/2018

Belge Dili:

İngilizce

Document ID (Org No.):

2000775673

Sıklık:

Üç Yıllık

eISSN:

2459-0762

DOI:

https://doi.org/10.17261/Pressacademia.2018.969