Private Vehicle Ownership in Provincial China

Private vehicle ownership has rapidly grown with China’s economic development and increasing incomes. This paper analyzes China’s provincial demands for private vehicles during the postopening period 2000 – 2012. Based on estimates from pooled, fixed effects and Hausman-Taylor models, private vehicle ownership during this period grew at an average annual rate of over 20%, all else constant. The study focuses on the roles of economic, spatial, investment and regulatory factors in shaping private vehicle demands. The study finds that increases in gross domestic product (GDP) per capita and vehicle use cost reinforce and constrain, respectively, the strong trend toward increased ownership. And absent changes in population density, higher percentages of the population in urban areas increase the demand for private vehicles. But increasing population density provides stronger incentives for reducing vehicle demands. Municipal restrictions aimed at reducing the congestion and environmental effects of vehicle ownership and use are effective in reducing provincial demands. A separate analysis of provinces that are at least 60% urbanized identifies important differences. Vehicle demands are income elastic and infrastructure investments have stronger effects in the most urbanized provinces than in less urbanized provinces.

• Record URL:
  https://trforum.org/wp-content/uploads/2018/02/06-Private-Vehicle-Ownership-in-Provincial-China.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/10461469
• Authors:
  • McCarthy, Patrick
  • Wang, Junda
• Publication Date: 2017

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: pp 99-110
• Serial:
  • Journal of the Transportation Research Forum
  • Volume: 56
  • Issue Number: 3
  • Publisher: Transportation Research Forum
  • ISSN: 1046-1469
  • Serial URL: https://trforum.org/journal-of-the-trf/
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Automobile ownership; Demand; Economic development; Income; Population density; Urban areas
• Geographic Terms: China
• Subject Areas: Economics; Highways; Planning and Forecasting; Vehicles and Equipment;

Filing Info

• Accession Number: 01685608
• Record Type: Publication
• Files: TRIS
• Created Date: Nov 20 2018 10:11AM