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The impact of scrappage programs on the demand for new vehicles: Evidence from Spain
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TLDR
In this article, the authors evaluate the impact of the Spanish car scrappage program introduced in May 2009 on short run car purchases, and show that the program increased the probability to buy a new car, but decreased the mean expenditure devoted to the purchase of this new vehicle.Abstract:
We evaluate the impact of the Spanish car scrappage program introduced in May 2009 on short-run car purchases. The scrappage program was simultaneously discussed and implemented, and was therefore exogenous to the consumers. We analyse the effect of this program on household new car purchase decision and household expenditures. The results show that the scrappage program increased the probability to buy a new car, but decreased the mean expenditure devoted to the purchase of this new vehicle. We also evaluate the impact of the financial aid on the household welfare, which suggests that the scrappage program was neutral.read more
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The Impact of Emissions-Based Taxes on the Retirement of Used and Inefficient Vehicles: The Case of Switzerland
TL;DR: In this paper, the authors investigated the impact of two different "bonus"/"malus" schemes implemented at the cantonal level in Switzerland, and found that a bonus/malus accelerates the retirement of existing high-emitting vehicles in Obwalden, shortening the expected lifetime of the three most popular make-models by 7 to 11 months.
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The Impact of Emissions-Based Taxes on the Retirement of Used and Inefficient Vehicles: The Case of Switzerland
Anna Alberini,Anna Alberini,Markus Bareit,Massimo Filippini,Massimo Filippini,Adan L. Martinez-Cruz +5 more
TL;DR: In this article, the authors investigated the impact of three different "bonus"/"malus" annual registration fee schemes implemented at the cantonal level in Switzerland and found no statistically significant effects in Ticino.
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Estimating light-vehicle sales in Turkey
Ufuk Demiroglu,Çağlar Yüncüler +1 more
TL;DR: In this paper, the authors show that an important reason for the rapid sales growth is that an increasing share of household budgets is spent on automobile purchases, and the elasticity of light-vehicle sales to cyclical changes in aggregate demand is high and robust; its estimates are around 6 with a standard deviation of about 0.5.
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Effects of environment-related stimulus policies: An event study approach
TL;DR: In this paper, the authors employed the event study methodology to examine not only the direct economic effects of the eco-friendly vehicle tax breaks and subsidy program but also their spillover economic effects.
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Short- and medium-term car registration forecasting based on selected macro and socio-economic indicators in European countries
TL;DR: In this article, the authors determine which macro and socioeconomic indicators have significant predictive power on car registrations across European countries and build their models on the highly seasonal monthly data of a medium-term period to make short-term forecasts.
References
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Book
Econometric Analysis of Cross Section and Panel Data
TL;DR: This is the essential companion to Jeffrey Wooldridge's widely-used graduate text Econometric Analysis of Cross Section and Panel Data (MIT Press, 2001).
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An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias
TL;DR: In this paper, a method of estimating the parameters of a set of regression equations is reported which involves application of Aitken's generalized least-squares to the whole system of equations.
Posted Content
An Almost Ideal Demand System
TL;DR: The Almost Ideal Demand System (AIDS) as mentioned in this paper is a first-order approximation of the Rotterdam and translog models, which has been used to test the homogeneity and symmetry restrictions of demand analysis.
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Energy efficiency and consumption — the rebound effect — a survey
TL;DR: In this paper, a review of some of the relevant literature from the US offers definitions and identifies sources including direct, secondary, and economy-wide sources and concludes that the range of estimates for the size of the rebound effect is very low to moderate.
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