气候变化领域集成服务门户(CCPortal): The Effect of Income on Vehicle Demand: Evidence from China's New Vehicle Market

CCPortal

DOI	10.1086/725910
	The Effect of Income on Vehicle Demand: Evidence from China's New Vehicle Market
	Linn, Joshua; Shen, Chang
发表日期	2024
ISSN	2333-5955
EISSN	2333-5963
起始页码	11
结束页码	1
卷号	11 期号:1
英文摘要	As incomes continue rising, vehicle ownership is expected to grow dramatically in China and other emerging countries. For these countries, little causal evidence exists on the effect of income on vehicle ownership. Using city-level data on new car registrations and income in China from 2005 to 2017 and using export-led growth to isolate plausibly exogenous income variation, we estimate an elasticity of new car sales to income of about 2.5. Recent projections of vehicle sales in China have understated actual sales by 36%. To meet its climate objectives, China will need more aggressive policies than previous forecasts indicate.
英文关键词	L62; Q48; income elasticity of new vehicle demand; oil demand; environmental Kuznets curve
语种	英语
WOS研究方向	Business & Economics ; Environmental Sciences & Ecology
WOS类目	Economics ; Environmental Studies
WOS记录号	WOS:001100172000001
来源期刊	JOURNAL OF THE ASSOCIATION OF ENVIRONMENTAL AND RESOURCE ECONOMISTS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/290725
作者单位	University System of Maryland; University of Maryland College Park; Resources for the Future
推荐引用方式 GB/T 7714	Linn, Joshua,Shen, Chang. The Effect of Income on Vehicle Demand: Evidence from China's New Vehicle Market[J],2024,11(1).
APA	Linn, Joshua,&Shen, Chang.(2024).The Effect of Income on Vehicle Demand: Evidence from China's New Vehicle Market.JOURNAL OF THE ASSOCIATION OF ENVIRONMENTAL AND RESOURCE ECONOMISTS,11(1).
MLA	Linn, Joshua,et al."The Effect of Income on Vehicle Demand: Evidence from China's New Vehicle Market".JOURNAL OF THE ASSOCIATION OF ENVIRONMENTAL AND RESOURCE ECONOMISTS 11.1(2024).