Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/112568
Title: Changes in fuel economy: An analysis of the Spanish car market [WP]
Author: Matas, Anna
Raymond Bara, José Luís
Dominguez, Andrés
Keywords: Automòbils
Innovacions tecnològiques
Carburants
Automobiles
Technological innovations
Fuel
Issue Date: 2016
Publisher: Institut d’Economia de Barcelona
Abstract: This paper estimates the role that technological change and car characteristics have played in the rate of fuel consumption of vehicles over time. Using data from the Spanish car market from 1988 to 2013, we estimate a reduced form equation that relates fuel consumption with a set of car characteristics. The results for the sales-weighted sample of vehicles show that energy efficiency would have improved by 32% and 40% for petrol and diesel cars respectively had car characteristics been held constant at 1988 values. However, the shift to bigger and more fuel-consuming cars reduced the gains from technological progress. Additionally, using the results of the fuel equation we show that, besides a natural growth rate of 1.1%, technological progress is affected by both the international price of oil and the adoption of mandatory emission standards. Moreover, according to our estimations, a 1% growth in GDP would modify car characteristics in such a way that fuel consumption would increase by around 0.23% for petrol cars and 0.35% for diesel cars.
Note: Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions
It is part of: IEB Working Paper 2016/15
URI: http://hdl.handle.net/2445/112568
Appears in Collections:IEB (Institut d’Economia de Barcelona) – Working Papers

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