English, Article edition: Demand for New Car Fuel Economy in the UK, 1970-2005 David Bonilla; Timothy Foxon

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/33164
Physical Description
  • article
Language
  • English

Edition details

Title
  • Demand for New Car Fuel Economy in the UK, 1970-2005
Author
  • David Bonilla
  • Timothy Foxon
Physical Description
  • article
Notes
  • During the past thirty years, governments have sought to stimulate improvements in new car fuel economy to contribute to air quality, energy security, and climate change goals. We analysed the demand for new car fuel economy in the UK using a two-stage econometric model to investigate the drivers of this demand in the short and long terms over the period 1970-2004. We found that higher incomes and long-term price changes were the main drivers to achieve improvements in fuel economy, particularly for petrol cars, and that new car fuel economy changes were scarcely affected by the Voluntary Agreement on CO 2 emissions reductions adopted in the 1990s. We found, in agreement with other studies, that the demand for fuel economy was price inelastic for both fuels. Our calculated long-term income elasticity (petrol with −0.31 and diesel fuels with −0.20) values are above the range of international studies for petrol but within the range for diesel. An aggregate model of fuel economy gives a fuel price elasticity of −0.32 and an elasticity of −0.26 with respect to UK disposable income. © 2009 LSE and the University of Bath
  • RePEc:tpe:jtecpo:v:43:y:2009:i:1:p:55-83
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment