Economic Development and Changes in Car Ownership Patterns

This paper analyzes the factors determining the growth in car ownership in Spain over the last three decades. A discrete choice model on a household level is estimated at three points in time: 1980, 1990 and 2000. On the one hand, this time span allows for the observation of how the relationship between car ownership and the explanatory factors has changed from a market in clear expansion to a mature one. On the other hand, it makes it possible to quantify the contribution of each factor. The authors use micro data from the Spanish Household Budget Survey. The objective of this paper is to quantify the factors underlying the increase in car ownership in Spain from 1980 to 2000. The paper relies on discrete data modeled using an ordered probit model and the results are presented in terms of elasticities. A further interest of the paper lies in the evidence provided on empirical grounds for the two alternative decision mechanisms used for car ownership modeling: ordered-response versus unordered-response mechanisms.

Language

  • English

Media Info

  • Media Type: Web
  • Features: Figures; References; Tables;
  • Pagination: 21p
  • Monograph Title: European Transport Conference, 2005 Proceedings

Subject/Index Terms

Filing Info

  • Accession Number: 01354507
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 18 2011 3:28PM