1. Vehicle miles traveled induced demand, rebound effect, and price and income elasticities: A US spatial econometric analysis.
- Author
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Mamkhezri, Jamal and Khezri, Mohsen
- Subjects
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ELASTICITY (Economics) , *GROSS income , *ENERGY consumption , *PANEL analysis , *ENVIRONMENTAL infrastructure - Abstract
The economic literature on transportation is extensive, with travel demand being a well-studied topic. However, research on light-duty vehicle travel has not fully explored spatial dependencies arising from neighboring regions' driving activities. This study uses state-level panel data from 2000 to 2019 to examine U.S. vehicle miles traveled (VMT), focusing on spatial spillover effects through a Spatial Durbin Model. Our results reveal significant spatial interactions between states. Increased VMT in one state leads to spillover effects, increasing VMT in neighboring states. We present our findings as marginal effects, distinguishing between direct and indirect impacts. The direct price elasticity is estimated at −0.257, with a positive spillover impact of 0.036, yielding a total elasticity of −0.221. Induced travel exhibits a larger indirect effect than a direct effect, resulting in an overall impact of 0.276. Additionally, direct and total income elasticities are 0.194 and 0.146, respectively, while direct and total fuel economy rebound effects are 0.546 and 0.496, respectively. Moreover, higher numbers of licensed drivers, registered vehicles, and urbanization significantly influence a state's VMT. This research highlights the importance of regional planning among states, especially considering transportation infrastructure and environmental concerns related to driving and vehicle emissions. [Display omitted] • Spatial spillover effects significantly influence vehicle miles traveled (VMT) across U.S. states. • Direct price elasticity of VMT is −0.257, with a positive spillover impact of 0.036. • Induced travel has a larger indirect effect (0.148) than direct effect (0.128). • Direct income elasticity of VMT is 0.194, indicating VMT increases with higher disposable incomes. • Rebound effect for fuel economy is 0.546, signifying higher fuel efficiency leads to increased VMT. Higher numbers of licensed drivers, registered vehicles, and urbanization increase VMT. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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