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The Relationship Between Vmt And Economic Activity, B. Starr Mcmullen, Nathan Eckstein
The Relationship Between Vmt And Economic Activity, B. Starr Mcmullen, Nathan Eckstein
TREC Final Reports
Vehicle miles traveled (VMT) in the U.S. have exhibited an upward trend over time similar to that observed for gross domestic product (GDP) and personal income (PI). While conventional wisdom suggests that economic growth leads to more driving and thus higher VMT, it is theoretically possible that the causation could also be the other way around. If causation is from VMT to GDP, then legislation such as the Federal Surface Transportation Policy and Planning Act of 2009’s directive to annually reduce national per capita VMT could potentially have an adverse impact on overall economic activity.
This study uses times series …