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The Impact Of Economic Policy Uncertainty On The Vehicle Miles Traveled (Vmt) In The U.S

Author

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  • Ender Demir

    (Istanbul Medeniyet University, Turkey)

  • Giray Gozgor

    (Istanbul Medeniyet University, Turkey)

Abstract

This paper examines the impact of the economic policy uncertainty (EPU) on the vehicle miles traveled (VMT) in the United States (U.S.) over the period of January 1978 to October 2014. We estimate an empirical model based on a travel demand-analysis. It is found that an increase in economic policy uncertainty leads to a decrease in vehicle miles traveled. This negative relationship is also observed when different model types, various control variables, and the subindexes of the EPU are considered in the model.

Suggested Citation

  • Ender Demir & Giray Gozgor, 2016. "The Impact Of Economic Policy Uncertainty On The Vehicle Miles Traveled (Vmt) In The U.S," Eurasian Journal of Business and Management, Eurasian Publications, vol. 4(3), pages 39-48.
    • Handle: RePEc:ejn:ejbmjr:v:4:y:2016:i:3:p:39-48
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    References listed on IDEAS

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    Cited by:

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    2. Phan, Dinh Hoang Bach & Sharma, Susan Sunila & Tran, Vuong Thao, 2018. "Can economic policy uncertainty predict stock returns? Global evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 55(C), pages 134-150.
    3. Mohsen Bahmani-Oskooee & Hanafiah Harvey & Farhang Niroomand, 2018. "On the Impact of Policy Uncertainty on Oil Prices: An Asymmetry Analysis," IJFS, MDPI, vol. 6(1), pages 1-11, January.
    4. Gizem Uzuner & Sudeshna Ghosh, 2021. "Do pandemics have an asymmetric effect on tourism in Italy?," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(5), pages 1561-1579, October.

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