HOUSEHOLD CAR OWNERSHIP IN SYDNEY AND AUSTRALIA
Peter Abelson, Sarah Baker
Abstract
Peter Abelson, Sarah Baker
Abstract
This article briefly reviews time-series and cross-section models of car ownership, as an introduction to two empirical studies. The first is a cross-section study of car ownership in Sydney, with special reference to household incomes, household size, distance to rail, and residential density. The second is a time-series model of car ownership in Australia since 1960, in which income, capital and operating costs of cars and interest rates are the independent variables. It is argued that the results are complementary and may be used separately or jointly according to the type of forecast required. (Author/TRRL)
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This article briefly reviews time-series and cross-section models of car ownership, as an introduction to two empirical studies. The first is a cross-section study of car ownership in Sydney, with special reference to household incomes, household size, distance to rail, and residential density. The second is a time-series model of car ownership in Australia since 1960, in which income, capital and operating costs of cars and interest rates are the independent variables. It is argued that the results are complementary and may be used separately or jointly according to the type of forecast required. (Author/TRRL)
Key concepts: Car ownership, Economics, Section (typography), Household income, Econometrics, Demographic economics, Labour economics, Public economics