Automobile ownership and government policy: the economics of Singapore's vehicle quota system
Automobile ownership and government policy: the economics of Singapore's vehicle quota system
Rapid growth in real income in many countries of South-East Asia has led to large increases in the ownership and usage of automobiles. In many major cities this has resulted in chronic traffic congestion. Singapore has so far avoided the worst excesses of this problem, by a series of policy measures aimed at controlling automobile ownership as well as usage. In the latest moves (from 1990), a quantity rationing system has been introduced to impose close control on the number of additional automobiles allowed in Singapore, augmenting a battery of price-based policies introduced over the previous 15 yr. This paper examines the theoretical basis for this switch in the focus of policy, and presents an econometric investigation intended to evaluate the overall success of the programme in controlling the automobile population.
129-140
Smith, Peter
7085f0ad-c538-4208-80f4-e9b3fd36b365
Chin, Anthony
44dcf4be-e6e3-450b-909b-bf5f68120c4c
March 1997
Smith, Peter
7085f0ad-c538-4208-80f4-e9b3fd36b365
Chin, Anthony
44dcf4be-e6e3-450b-909b-bf5f68120c4c
Smith, Peter and Chin, Anthony
(1997)
Automobile ownership and government policy: the economics of Singapore's vehicle quota system.
Transportation Research Part A: Policy and Practice, 31 (2), .
(doi:10.1016/S0965-8564(96)00012-2).
Abstract
Rapid growth in real income in many countries of South-East Asia has led to large increases in the ownership and usage of automobiles. In many major cities this has resulted in chronic traffic congestion. Singapore has so far avoided the worst excesses of this problem, by a series of policy measures aimed at controlling automobile ownership as well as usage. In the latest moves (from 1990), a quantity rationing system has been introduced to impose close control on the number of additional automobiles allowed in Singapore, augmenting a battery of price-based policies introduced over the previous 15 yr. This paper examines the theoretical basis for this switch in the focus of policy, and presents an econometric investigation intended to evaluate the overall success of the programme in controlling the automobile population.
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Published date: March 1997
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Local EPrints ID: 33020
URI: http://eprints.soton.ac.uk/id/eprint/33020
ISSN: 0965-8564
PURE UUID: 6b73d80a-1e93-43f3-a3f6-b863dbe540d1
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Date deposited: 08 Jan 2008
Last modified: 15 Mar 2024 07:41
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Author:
Anthony Chin
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