摘要: |
China is experiencing rapid economic growth and, along with it, rapid
growth in vehicle ownership. The rapid growth in vehicle ownership and
vehicle usage is linked to increasing global warming, emissions, air
pollution, and other problems. Observing data from sales, prices, and
vehicle characteristics, the researcher has created an econometric model
to measure supply and demand within the Chinese vehicle market. The
model can simulate how introduction of new alternative vehicles and
counterfactual government policies impact alternative vehicle market
share and welfare. In addition, the researcher has created an
econometric model for predicting future automobile company decisions.
The model of the demand and cost in the Chinese automobile market will
be significant for industry, particularly car manufacturers interested in
better targeting cars, including alternative vehicles, for the Chinese
market. The estimates of the factors that affect demand and supply in
the Chinese automobile market are significant for policy-makers
interested in developing incentive policies to increase market
penetration of alternative vehicles with potential environmental and
climate benefits. |