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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP7446 |
DP7446 Forecasting Large Datasets with Bayesian Reduced Rank Multivariate Models | |
Massimiliano Marcellino; George Kapetanios; Andrea Carriero | |
发表日期 | 2009-09-23 |
出版年 | 2009 |
语种 | 英语 |
摘要 | We investigate the relationship between interstate highways and highway vehicle kilometers traveled (vkt) in US cities. We find that vkt increases proportionately to highways and identify three important sources for this extra vkt: an increase in driving by current residents; an increase in transportation intensive production activity; and an inflow of new residents. The provision of public transportation has no impact on vkt. We also estimate the aggregate city level demand for vkt and find it to be very elastic. We conclude that an increased provision of roads or public transit is unlikely to relieve congestion and that the current provision of roads exceeds the optimum given the absence of congestion pricing. |
主题 | International Trade and Regional Economics |
关键词 | Congestion Highways Public transport Vehicle-kilometers traveled |
URL | https://cepr.org/publications/dp7446 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536297 |
推荐引用方式 GB/T 7714 | Massimiliano Marcellino,George Kapetanios,Andrea Carriero. DP7446 Forecasting Large Datasets with Bayesian Reduced Rank Multivariate Models. 2009. |
条目包含的文件 | 条目无相关文件。 |
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