@article{Sikka:207734,
      recid = {207734},
      author = {Sikka, Nikhil and Sun, Jielin},
      title = {An investigation of the impacts of economic conditions on  vehicle miles traveled: a vector error-correction approach},
      address = {2009-03},
      number = {1429-2016-118655},
      pages = {19},
      year = {2009},
      abstract = {In this paper, we estimate the long-run gasoline price and  income elasticity of VMT for the period 2000-2008. Most of  the previous studies use the very common classes of time  series methods that are the autoregressive integrated  moving average (ARIMA) models. We advance the analytical  framework to include a vector error-correction (VEC)  regression technique that overcomes several limitations of  ARIMA models. We find that long-run gasoline price  elasticity to VMT ranges from -0.31 to -0.88, and income  elasticity ranges from 0.18 to 0.49.},
      url = {http://ageconsearch.umn.edu/record/207734},
      doi = {https://doi.org/10.22004/ag.econ.207734},
}