Elasticities of fuel and traffic demand and the direct rebound effects: An econometric estimation in the case of Norway
Abstract
The elasticities of fuel and travel demand are estimated in the case of Norway. Furthermore, the direct rebound effects are also derived. Fuel price and income elasticities are at ‑0.36 and 0.09 in the long run. The short run rebound effects are at 0.26% and 0.06% for fuel demand. We contend that it is crucial to seriously consider rebound effects in policy making.
- Publication:
-
Transportation Research Part A: Policy and Practice
- Pub Date:
- January 2016
- DOI:
- 10.1016/j.tra.2015.10.003
- Bibcode:
- 2016TRPA...83....1O
- Keywords:
-
- Fuel and travel demand elasticities;
- The rebound effect;
- Econometric approaches;
- Norway;
- Transferability