Journal
TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
Volume 152, Issue -, Pages 115-126Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.tra.2021.08.008
Keywords
Car ownership; Pseudo panel; Dynamic panel model; Transport pricing and infrastructure
Funding
- National University of Singapore (NUS)
- Fundamental Research Funds of the Central Universities, China
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The study found that households in Singapore were less likely to purchase cars due to the tightening of vehicle quota control and improved rail transit accessibility. The long-term effects of these policies outweighed the short-term effects, while the impact of expressway-network expansion was insignificant.
This study investigates households' car ownership decisions in response to changes in vehicle quota control and transport infrastructure in Singapore. Unlike previous cross-sectional studies, we calibrate a dynamic car ownership model with a pseudo panel constructed from repeated cross-sectional travel surveys, controlling for the persistence of car ownership and unobserved heterogeneity. We find that the tightening of vehicle quota control and improved rail transit accessibility have reduced households' desire to purchase cars. The long-run effect of these two policies is larger than their short-run effect due to the existence of true state dependence. The impact of expressway-network expansion is insignificant.
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