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Full-Text Articles in Social and Behavioral Sciences
Tolls, Exchange Rates, And Borderplex Bridge Traffic, Marcycruz De Leon, Thomas M. Fullerton Jr., Brian W. Kelley
Tolls, Exchange Rates, And Borderplex Bridge Traffic, Marcycruz De Leon, Thomas M. Fullerton Jr., Brian W. Kelley
Departmental Papers (E & F)
Budget constraints are forcing many governments to consider implementing tolls as a means for financing bridge and road expenditures. Newly available time series data make it possible to analyze the impacts of toll variations and international business cycle fluctuations on cross-border bridge traffic between El Paso and Ciudad Juarez. Parameter estimation is carried out using a linear transfer function ARIMA methodology. Price elasticities of demand are similar to those reported for other regional economies, but out-of-sample forecasting results are mixed.