A comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport

Rune Elvik, Farideh Ramjerdi

Research output: Contribution to journalJournal articleResearchpeer-review

10 Citations (Scopus)

Abstract

This paper presents a comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport. Promoting environmentally sustainable transport is defined as follows: (1) Reducing the volume of motorised travel; (2) Transferring travel to modes generating less external effects, and (3) Modifying road user behaviour in a way that will reduce external effects of transport. External effects include accidents, congestion, traffic noise and emissions to air. Four economic policy instruments are compared: (1) Prices of motor fuel; (2) Congestion charges; (3) Toll schemes; (4) Reward systems giving incentives to reduce driving or change driver behaviour. The effects of these policy instruments are stated in terms of elasticities. All four economic policy instruments have negative elasticities, which means that they do promote environmentally sustainable transport. Long-term elasticities tend to be larger than short term elasticities. The long-term elasticities of reward systems are unknown. (C) 2014 Elsevier Ltd. All rights reserved.
Original languageEnglish
JournalTransport Policy
Volume33
Pages (from-to)89-95
Number of pages7
ISSN0967-070X
DOIs
Publication statusPublished - 2014

Fingerprint

economic policy
external effects
Economic Policy
elasticity
Elasticity
Economics
reward
congestion
travel
incentive system
road user
traffic congestion
Traffic congestion
traffic emission
accident
driver
air
incentive
Accidents
policy instrument

Keywords

  • Economic policy instrument
  • Environmentally sustainable transport
  • Elasticity
  • Review
  • Meta-analysis

Cite this

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title = "A comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport",
abstract = "This paper presents a comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport. Promoting environmentally sustainable transport is defined as follows: (1) Reducing the volume of motorised travel; (2) Transferring travel to modes generating less external effects, and (3) Modifying road user behaviour in a way that will reduce external effects of transport. External effects include accidents, congestion, traffic noise and emissions to air. Four economic policy instruments are compared: (1) Prices of motor fuel; (2) Congestion charges; (3) Toll schemes; (4) Reward systems giving incentives to reduce driving or change driver behaviour. The effects of these policy instruments are stated in terms of elasticities. All four economic policy instruments have negative elasticities, which means that they do promote environmentally sustainable transport. Long-term elasticities tend to be larger than short term elasticities. The long-term elasticities of reward systems are unknown. (C) 2014 Elsevier Ltd. All rights reserved.",
keywords = "Economic policy instrument, Environmentally sustainable transport, Elasticity, Review, Meta-analysis, Economic policy instrument, Environmentally sustainable transport, Elasticity, Review, Meta-analysis",
author = "Rune Elvik and Farideh Ramjerdi",
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A comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport. / Elvik, Rune; Ramjerdi, Farideh.

In: Transport Policy, Vol. 33, 2014, p. 89-95.

Research output: Contribution to journalJournal articleResearchpeer-review

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AB - This paper presents a comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport. Promoting environmentally sustainable transport is defined as follows: (1) Reducing the volume of motorised travel; (2) Transferring travel to modes generating less external effects, and (3) Modifying road user behaviour in a way that will reduce external effects of transport. External effects include accidents, congestion, traffic noise and emissions to air. Four economic policy instruments are compared: (1) Prices of motor fuel; (2) Congestion charges; (3) Toll schemes; (4) Reward systems giving incentives to reduce driving or change driver behaviour. The effects of these policy instruments are stated in terms of elasticities. All four economic policy instruments have negative elasticities, which means that they do promote environmentally sustainable transport. Long-term elasticities tend to be larger than short term elasticities. The long-term elasticities of reward systems are unknown. (C) 2014 Elsevier Ltd. All rights reserved.

KW - Economic policy instrument

KW - Environmentally sustainable transport

KW - Elasticity

KW - Review

KW - Meta-analysis

KW - Economic policy instrument

KW - Environmentally sustainable transport

KW - Elasticity

KW - Review

KW - Meta-analysis

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