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| Author: | Medlock III, K.B. Soligo, R. |
| Title: | Car ownership and economic development with forecasts to the year 2015 |
| Journal: | Journal of Transport, Economics and Policy
2002 : MAY, VOL. 36:2, p. 163-188 |
| Index terms: | Cars Economic development |
| Freeterms: | Private ownership |
| Language: | eng |
| Abstract: | This paper examines the effect of economic development on the demand for private motor vehicles for a panel of 28 countries. Utilizing the concept of the user cost of capital and the notion that the demand for cars become saturated, the authors develop a model of the relationship between economic development and per capita private car ownership. |
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