The economic impacts of traffic consumption during the COVID-19 pandemic in China: A CGE analysis
Transport Policy, ISSN: 0967-070X, Vol: 114, Page: 330-337
2021
- 29Citations
- 72Captures
Metric Options: Counts1 Year3 YearSelecting the 1-year or 3-year option will change the metrics count to percentiles, illustrating how an article or review compares to other articles or reviews within the selected time period in the same journal. Selecting the 1-year option compares the metrics against other articles/reviews that were also published in the same calendar year. Selecting the 3-year option compares the metrics against other articles/reviews that were also published in the same calendar year plus the two years prior.
Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Citations29
- Citation Indexes29
- 29
- Captures72
- Readers72
- 72
Article Description
The transportation sector has played an important role during the COVID-19 pandemic. Like many industries, it experienced a sharp decline during the pandemic. The reduced traffic consumption has been caused by objective conditions, such as traffic control measures, and subjective factors, such as the perception of the COVID-19 pandemic. This study uses the computable general equilibrium (CGE) model to examine the economic impacts of traffic consumption during the COVID-19 pandemic in China. Moreover, to evaluate the impact of the government's economic stimulus policy related to transportation, this study examines the policy effects of transportation investment. This study suggests that, first, China's macroeconomy has been severely affected by reduced traffic consumption. The period when the pandemic was most severe had the largest GDP decrease (0.49%). Second, transportation consumption is closely associated with the output of all industries. As the pandemic worsens, the output of all sectors declines more. Of the transport sectors, road transport has the largest output decrease (10.17%), followed by railway (1.76%) and air sectors (1.53%). The service industry is the most negatively affected among the non-transportation sectors. Finally, transportation infrastructure investment can effectively promote the economy and create jobs. In addition, railway investment plays a more positive role in the economy than road and air transports. The findings provide a detailed understanding of the economic impact of the significantly reduced traffic consumption at different stages of the pandemic.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S0967070X21003012; http://dx.doi.org/10.1016/j.tranpol.2021.10.018; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85117683279&origin=inward; http://www.ncbi.nlm.nih.gov/pubmed/34707331; https://linkinghub.elsevier.com/retrieve/pii/S0967070X21003012; https://dx.doi.org/10.1016/j.tranpol.2021.10.018
Elsevier BV
Provide Feedback
Have ideas for a new metric? Would you like to see something else here?Let us know