Elasticities of Road Traffic and Fuel Consumption with Respect to Price and Income: A Review

By Phil B. Goodwin, J. Dargay, M. Hanly. 2004

851 citations recorded by the source corpus.

This paper gives the main results of a literature review of new empirical studies, published since 1990, updating work on the effects of price and income on fuel consumption, traffic levels, and where available other indicators including fuel efficiency and car ownership. The results are broadly consistent with several earlier reviews, though not always with current practice. The work was carried out as one of two parallel ‘blind’ literature reviews, the other being summarized in a companion paper by Graham and Glaister: the results are broadly, though not in every respect, consistent.

Subfields: Automotive Engineering, Renewable Energy, Sustainability and the Environment, Transportation

View Paper: https://www.semanticscholar.org/paper/6eac46d2ff23c76dfc721dc26438a7a0cf5a8b69

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In Automotive Engineering

In Renewable Energy, Sustainability and the Environment

In Transportation

Citations in the corpus

Transportation and the environment. (2011, background): “Even if these life cycle factors are included in the costs of transport (internalized), they have little effect on transport volumes (51), as the demand elasticities for travel are low, and because rising income levels reduce the effectiveness of higher prices (52, 53).”
Fuel taxes : An important instrument for climate policy (2007, background): “Graham and Glaister (2004) find slightly lower values: price elasticities between 0.6 and 1 and income elasticities just above one.5 Graham and Gleister conclude their survey of surveys and studies which build on many hundreds of studies, by saying that despite some variation in individual values,…”
The demand for ethanol as a gasoline substitute (2012, background): “[2], Graham and Glaister [3], Greening et al.”
How to Write a Literature Review Paper? (2016, background): “Goodwin et al. (2004) in an LRP on price and income elasticities structure some of the content of their paper by distinguishing between the short- and the long-term elasticities.”
The Stockholm congestion charges – five years on. Effects, acceptability and lessons learnt (2012, background): “This result is in correspondence with that of (Goodwin et al. 2004), who note that price impacts tend to increase over time as consumers have more options.”
Cap-and-Trade (2009, neutral): “(14) find that the mean reported long-run price elasticity of fuel consumption is −0.”
The effect of prices and income on cartravel in the UK (2007, background): “Goodwin et al. (2004) in a survey of the literature cites a consensus value for the elasticity of traffic levels with respect to the fuel price to be on the order of -0.3 in the long run.”
The UK transport carbon model: An integrated life cycle approach to explore low carbon futures (2012, background): “In the long-run, changes in income and in prices can also lead to a lasting change in people’s behaviour and can influence vehicle purchase decisions (for a good review see Goodwin et al., 2004).”