Elasticities of road traffic and fuel consumption with respect to price and income: A review

Goodwin, Phil; Dargay, Joyce; Hanly, Mark

Abstract

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. © 2004 Taylor and Francis Ltd.

Citation

Goodwin, P., Dargay, J., & Hanly, M. (2004). Elasticities of road traffic and fuel consumption with respect to price and income: A review. Transport Reviews, 24(3), 275-292. https://doi.org/10.1080/0144164042000181725

• Journal Article Type: Review
• Publication Date: May 1, 2004
• Journal: Transport Reviews
• Print ISSN: 0144-1647
• Publisher: Taylor & Francis (Routledge)
• Peer Reviewed: Not Peer Reviewed
• Volume: 24
• Issue: 3
• Pages: 275-292
• DOI: https://doi.org/10.1080/0144164042000181725
• Keywords: road traffic and fuel consumption with respect to price and income: A review
• Public URL: https://uwe-repository.worktribe.com/output/1062508
• Publisher URL: http://dx.doi.org/10.1080/0144164042000181725
• Additional Information: Additional Information : Lead author. Commissioned by Department for Transport. One of two studies responsible for the DfT making a significant shift in its advice on the effects of fuel price on traffic, the long-term elasticities found being about twice as high as the static elasticities previously used.