Work

The Dynamics of Car Availability in Eu Countries

Year: 2008

Type: article

Abstract: This paper investigates the dynamics of car availability in EU countries. Of particular interest is the relative contribution of state dependence, heterogeneity and serial correlation. A dynamic probit model with unobservable heterogeneity is estimated using eight (1994–2001) waves of European Community Household Panel surveys. Car availability is expressed as a function of income and a number of social-demographic factors. The dynamic probit model is estimated using simulated maximum likelihood (MSL) estimation, to overcome the computational difficulties inherent in maximum likelihood estimation of models with nontrivial error structures. The results indicate that car availability is characterized by significant state dependence, unobserved heterogeneity and negative serial correlation in the error component.

Source: IATSS Research

DOI: 10.1016/s0386-1112(14)60208-9

Authors: Joyce DARGAY, Laurent HIVERT, Diego LEGROS

Institution: University of Leeds

Language: English

Topic: Transportation Planning and Optimization

Subfield: Transportation

Field: Social Sciences

Domain: Social Sciences

Open Access status: diamond

Funder: Agence de l'Environnement et de la Maîtrise de l'Energie

OpenAlex ID: W1489285247

FWCI: 0.92

Cites: 14

Cited by: 16

Related to: 10