Factors Affecting The New Vehicle Registration In The Eu Countries

Cumhur, Erdem (2012) Factors Affecting The New Vehicle Registration In The Eu Countries. In: 3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo.

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Abstract

Theobjective of this study is to determine whether economic factors (namelyprice, consumer preferences, consumer income, interest rate, fuel prices, industrial production, and trade)have any explanatory power on new vehicle registry in the EU member countries. To meet this objective, a panel cointegration analysis was applied to the panel of thirteen EU countries for the time period spanning from January 1999 to August 2010. This study concludes that while the vehicle sales in the EU are determined by the macroeconomic factors instead of the factors in the demand theory, the consumer preferences are impetuses for passenger car sales in the EU countries. Keywords: newvehicle sales, demand theory, macro economic variables, EU countries, panel cointegration,

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Faculty of Economics > Management Department
Depositing User: Users 173 not found.
Date Deposited: 02 Nov 2012 14:45
Last Modified: 02 Nov 2012 14:45
URI: http://eprints.ibu.edu.ba/id/eprint/1355

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