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Explaining “peak car” with economic variables
KTH.
2016 (Swedish)In: Transportation Research Part A: Policy and Practice, ISSN 0965-8564, E-ISSN 1879-2375, Vol. 2016, no 88, 236-250 p.Article in journal (Refereed) Published
Abstract [en]

Many western countries have seen a plateau and subsequent decrease of car travel during the 21st century. What has generated particular interest and debate is the statement that the development cannot be explained by changes in traditional explanatory factors such as GDP and fuel prices. Instead, it has been argued, the observed trends are indications of substantial changes in lifestyles, preferences and attitudes to car travel; what we are experiencing is not just a temporary plateau, but a true “peak car”. However, this study shows that the traditional variables GDP and fuel price are in fact sufficient to explain the observed trends in car traffic in all the countries included in our study: the United States, France, the United Kingdom, Sweden and (to a large extent) Australia and Germany. We argue that the importance of the fuel price increases in the early 2000s has been underappreciated in the studies that shaped the later debate. Results also indicate that GDP elasticities tend to decrease with rising GDP, and that fuel price elasticities tend to increase at high price levels and during periods of rapid price increases.

Place, publisher, year, edition, pages
Elsevier, 2016. Vol. 2016, no 88, 236-250 p.
Keyword [en]
Fuel, Price, Elasticity, Demand (econ), Journey, Trend (stat), Car, Use
National Category
Economics
Research subject
10 Road: Transport, society, policy and planning, 11 Road: Personal transport
Identifiers
URN: urn:nbn:se:vti:diva-12303DOI: 10.1016/j.tra.2016.04.005ISI: 000379359800017Scopus ID: 2-s2.0-84964992773OAI: oai:DiVA.org:vti-12303DiVA: diva2:1139016
Available from: 2017-09-06 Created: 2017-09-06 Last updated: 2017-09-12Bibliographically approved

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Börjesson, MariaEliasson, Jonas
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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf