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UK Freight Demand: Elasticities and Decoupling

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  • Paolo Agnolucci
  • David Bonilla

Abstract

The aim of this study is to estimate road freight demand in the UK for the period 1956-2003 and to assess the occurrence of decoupling between economic activity and freight demand as discussed in McKinnon (2006). As models with a deterministic trend cannot accommodate a long-run relationship between the variables in the freight demand, one needs to model a relationship between growth rates rather than between the levels of the variables. Models with a stochastic trend gave better results and confirmed that the pace decoupling during the last years of the sample period increased. Price and income elasticities were estimated to be about 18 per cent and 65 per cent, respectively. ? 2009 LSE and the University of Bath

Suggested Citation

  • Paolo Agnolucci & David Bonilla, 2009. "UK Freight Demand: Elasticities and Decoupling," Journal of Transport Economics and Policy, University of Bath, vol. 43(3), pages 317-344, September.
    • Handle: RePEc:tpe:jtecpo:v:43:y:2009:i:3:p:317-344
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    Cited by:

    1. Dariusz Bernacki & Christian Lis, 2021. "Exploring the Sustainable Effects of Urban-Port Road System Reconstruction," Energies, MDPI, vol. 14(20), pages 1-23, October.
    2. Galina Ševčenko-Kozlovska & Kristina Čižiūnienė, 2022. "The Impact of Economic Sustainability in the Transport Sector on GDP of Neighbouring Countries: Following the Example of the Baltic States," Sustainability, MDPI, vol. 14(6), pages 1-26, March.
    3. Juan Gomez & José Manuel Vassallo, 2020. "Has heavy vehicle tolling in Europe been effective in reducing road freight transport and promoting modal shift?," Transportation, Springer, vol. 47(2), pages 865-892, April.
    4. Gomez, Juan & Vassallo, José Manuel, 2015. "Evolution over time of heavy vehicle volume in toll roads: A dynamic panel data to identify key explanatory variables in Spain," Transportation Research Part A: Policy and Practice, Elsevier, vol. 74(C), pages 282-297.
    5. Vierth, Inge, 2013. "Why do CO2 emissions from heavy road freight transports increase in spite of higher fuel prices?," Working papers in Transport Economics 2013:4, CTS - Centre for Transport Studies Stockholm (KTH and VTI).

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