G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7446
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
URLhttps://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.
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