Back to Search
Start Over
Does road expansion induce traffic? An evaluation of Vehicle-Kilometers Traveled in China.
- Source :
-
Journal of Environmental Economics & Management . Nov2020, Vol. 104, pN.PAG-N.PAG. 1p. - Publication Year :
- 2020
-
Abstract
- This paper estimates the causal effect of urban road expansion on Vehicle-Kilometers Traveled (VKT) in 103 Chinese cities. We develop a novel matching IV strategy to address endogeneity concerns that complements traditional historical infrastructure instruments to provide time-varying identification in a panel data setting. We find that the estimated elasticity of VKT with respect to road length is approximately 1, indicating that newly built urban roads lead to a proportional increase in total traffic. Given significant ongoing infrastructure investment and more recently enacted traffic alleviation policies in many Chinese cities, this result provides important new information on the impacts of infrastructure investment on traffic. [ABSTRACT FROM AUTHOR]
- Subjects :
- *TRAFFIC engineering
*GOVERNMENT policy
*SELF regulation
*CLIMATE change
Subjects
Details
- Language :
- English
- ISSN :
- 00950696
- Volume :
- 104
- Database :
- Academic Search Index
- Journal :
- Journal of Environmental Economics & Management
- Publication Type :
- Academic Journal
- Accession number :
- 147050647
- Full Text :
- https://doi.org/10.1016/j.jeem.2020.102387