Long-run Demand for Family Car in China
This paper dynamically analyzed the relationship between the income and the growth of long-run demand for family car, by utilizing the data of regional urban resident income and family car ownership from 1997 to 2008 in China. Then, based on the nonlinear panel model of Gompertz curve, the study tried to find the reason why the Chinas automobile market kept fast and successive growth over the past 10 years. The empirical conclusions are as follow: firstly, there is a stable relationship between living standard of urban residents and family car demand in long-run; Secondly, in China, most regions have high income elasticity of family car demand at the present stage; finally, to the whole nation, the space for growth of family car is significant, because there is still a long time to reach the bliss point of ownership measured by income level in middle and western regions.
long-run demand family car China
SUN Wei Zhang Xinyue
Center for Quantitative Economics of Jilin University, Jilin, P.R.China, 130000 Business School of J Business School of Jilin University, Jilin, P.R.China, 130000
国际会议
威海
英文
661-671
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）