Gasoline prices, traffic congestion, and carbon emissions
- 论文类型：期刊论文
- 第一作者：逄金栋
- 通讯作者：沈淑琳
- 合写作者：安澜
- 发表刊物：Resource and Energy Economics
- 收录刊物：SSCI
- 学科门类：经济学
- 文献类型：J
- 期号：75
- 页面范围：101407
- ISSN号：0928-7655
- 关键字：Gasoline price Traffic congestion Carbon emission Fuel efficiency
- 发表时间：2023-10-31
- 摘要：This paper explores the effect of gasoline prices on traffic congestion and carbon emissions. The international crude oil price is used as an instrumental variable for the gasoline price in Chinese cities. Empirical results show that a ten percent increase in gasoline prices significantly decreases traffic congestion in rush hours by 0.87%. In addition to reducing vehicle kilometers traveled, higher gasoline prices also decrease carbon emissions by increasing travel speed and fuel effi ciency. A ten percent increase in gasoline prices is found to decrease CO2 million metric tons, accounting for 2.3% of the total CO2 emissions by 40.6 emissions in the transport sector of China in 2016. This paper’s estimates offer guidance for gasoline pricing policies, fuel taxes, traffic congestion, and the Dual-Carbon Target.