A comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport

This paper presents a comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport. Promoting environmentally sustainable transport is defined as follows: (1) Reducing the volume of motorised travel; (2) Transferring travel to modes generating less external effects, and (3) Modifying road user behaviour in a way that will reduce external effects of transport. External effects include accidents, congestion, traffic noise and emissions to air. Four economic policy instruments are compared: (1) Prices of motor fuel; (2) Congestion charges; (3) Toll schemes; (4) Reward systems giving incentives to reduce driving or change driver behaviour. The effects of these policy instruments are stated in terms of elasticities. All four economic policy instruments have negative elasticities, which means that they do promote environmentally sustainable transport. Long-term elasticities tend to be larger than short term elasticities. The long-term elasticities of reward systems are unknown.

• Record URL:
  https://doi.org/10.1016/j.tranpol.2014.02.025
• Record URL:
  http://www.sciencedirect.com/science/article/pii/S0967070X14000675
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Elvik, Rune
  • Ramjerdi, Farideh
• Publication Date: 2014-5

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: pp 89-95
• Serial:
  • Transport Policy
  • Volume: 33
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 0967-070X
  • Serial URL: http://www.elsevier.com/locate/issn/096707X

Subject/Index Terms

• TRT Terms: Economic policy; Elasticity (Economics); Environmental protection; Meta-analysis; Policy analysis; Sustainable transportation; Travel demand management
• Subject Areas: Economics; Environment; Highways; Policy; I10: Economics and Administration; I15: Environment;

Filing Info

• Accession Number: 01526474
• Record Type: Publication
• Files: TRIS
• Created Date: May 29 2014 9:27AM