1999•Journal of Transport Economics and PolicyRequires access

ESTIMATION OF A DYNAMIC CAR OWNERSHIP MODEL: A PSEUDO-PANEL APPROACH

Joyce Dargay, P C Vythoulkas

Abstract

This paper presents a new approach to the estimation of dynamic transport demand models by using information from independent samples of cross-sections of the population collected over time. A pseudo-panel approach is used to estimate a dynamic model of vehicle ownership, based on data from annual Family Expenditure Surveys in the United Kingdom. The determinants of car ownership investigated include income, the costs of car ownership and use, public transport fares, and the sociodemographic characteristics of the households. The results obtained suggest that the applied methodology can provide a very fruitful basis for exploring the dynamics of household transport behavior.

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Key concepts: Car ownership, Estimation, Panel data, Public transport, Econometrics, Economics, Population, Transport engineering