Fuel price elasticities for single-unit truck operations in the United States

摘要: This paper provides fuel price elasticity estimates for single-unit truck activity, where trucks are defined as vehicles on a single frame with either (1) at least two axles and six tires; or (2) gross vehicle weight greater than 10,000 lb. Using data from 1980 to 2012, this applies first-difference error correction models finds that activity is sensitive certain macroeconomic infrastructure factors (gross domestic product, lane miles expansion, housing construction), but not diesel prices. These results suggest elasticities of unit inelastic. may be used by policymakers in considering policies have direct impact prices, whose effects equivalent adjustments.