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

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  • Elvik, Rune
  • Ramjerdi, Farideh

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.

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  • Elvik, Rune & Ramjerdi, Farideh, 2014. "A comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport," Transport Policy, Elsevier, vol. 33(C), pages 89-95.
    • Handle: RePEc:eee:trapol:v:33:y:2014:i:c:p:89-95
    DOI: 10.1016/j.tranpol.2014.02.025
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    2. Stinga (Cristea) Viorela-Georgiana, 2014. "Intermodal Transport - A Way of Achieving Sustainable Development," Constanta Maritime University Annals, Constanta Maritime University, vol. 22(2), pages 145-148.
    3. Ülengin, Füsun & Işık, Mine & Ekici, Şule Önsel & Özaydın, Özay & Kabak, Özgür & Topçu, Y. İlker, 2018. "Policy developments for the reduction of climate change impacts by the transportation sector," Transport Policy, Elsevier, vol. 61(C), pages 36-50.
    4. Tscharaktschiew, Stefan, 2020. "Why are highway speed limits really justified? An equilibrium speed choice analysis," Transportation Research Part B: Methodological, Elsevier, vol. 138(C), pages 317-351.
    5. Venturini, Giada & Karlsson, Kenneth & Münster, Marie, 2019. "Impact and effectiveness of transport policy measures for a renewable-based energy system," Energy Policy, Elsevier, vol. 133(C).

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