Car Ownership and Economic Development with Forecasts to the Year 2015
This paper examines the effect of economic development on the demand for private motor vehicles for a panel of 28 countries. Utilising the concept of the user cost of capital and the notion that the demand for cars can become saturated, the authors develop a model of the relationship between economic development and per capita private car ownership. They find that saturation levels vary across countries, and that user costs are a significant factor in the evolution of vehicle stocks. Forecasts are generated for each of the countries in the sample, and the implications for future energy-related issues are discussed. © The London School of Economics and the University of Bath 2002
Volume (Year): 36 (2002)
Issue (Month): 2 (May)
|Contact details of provider:|| Web page: http://www.bath.ac.uk/e-journals/jtep |
When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:36:y:2002:i:2:p:163-188. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)
If references are entirely missing, you can add them using this form.