Explaining light vehicle demand evolution in interurban toll roads: a dynamic panel data analysis in Spain

Gomez Sanchez, Juan; Vassallo Magro, José Manuel y Herraiz Tabernero, Israel (2015). Explaining light vehicle demand evolution in interurban toll roads: a dynamic panel data analysis in Spain. "Transportation", v. 42 (n. 2); pp. 1-26. ISSN 0049-4488. https://doi.org/10.1007/s11116-015-9612-3.

Descripción

Título: Explaining light vehicle demand evolution in interurban toll roads: a dynamic panel data analysis in Spain
Autor/es:
  • Gomez Sanchez, Juan
  • Vassallo Magro, José Manuel
  • Herraiz Tabernero, Israel
Tipo de Documento: Artículo
Título de Revista/Publicación: Transportation
Fecha: Marzo 2015
Volumen: 42
Materias:
Escuela: E.T.S.I. Caminos, Canales y Puertos (UPM)
Departamento: Ingeniería Civil: Transporte y Territorio
Licencias Creative Commons: Reconocimiento - Sin obra derivada - No comercial

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Resumen

Tolls have increasingly become a common mechanism to fund road projects in recent decades. Therefore, improving knowledge of demand behavior constitutes a key aspect for stakeholders dealing with the management of toll roads. However, the literature concerning demand elasticity estimates for interurban toll roads is still limited due to their relatively scarce number in the international context. Furthermore, existing research has left some aspects to be investigated, among others, the choice of GDP as the most common socioeconomic variable to explain traffic growth over time. This paper intends to determine the variables that better explain the evolution of light vehicle demand in toll roads throughout the years. To that end, we establish a dynamic panel data methodology aimed at identifying the key socioeconomic variables explaining changes in light vehicle demand over time. The results show that, despite some usefulness, GDP does not constitute the most appropriate explanatory variable, while other parameters such as employment or GDP per capita lead to more stable and consistent results. The methodology is applied to Spanish toll roads for the 1990?2011 period, which constitutes a very interesting case on variations in toll road use, as road demand has experienced a significant decrease since the beginning of the economic crisis in 2008.

Más información

ID de Registro: 36372
Identificador DC: http://oa.upm.es/36372/
Identificador OAI: oai:oa.upm.es:36372
Identificador DOI: 10.1007/s11116-015-9612-3
URL Oficial: http://link.springer.com/article/10.1007%2Fs11116-015-9612-3
Depositado por: Memoria Investigacion
Depositado el: 06 Jul 2015 12:41
Ultima Modificación: 01 Abr 2016 22:56
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