Title
Downtown parking meter demand in a border metropolitan economy
Publication Date
1-1-2015
Publication Name
Applied Economics
Volume
47
Issue
48
First Page
5121
Last Page
5130
Source Full Text URL
https://doi.org/10.1080/00036846.2015.1042146
Document Type
Article
DOI
10.1080/00036846.2015.1042146
Abstract
© 2015 Taylor & Francis. Prior research establishes that the price of parking in the city centre often impacts the decision to travel downtown and the mode of transportation utilized. Other factors that influence the decision to drive and park downtown have received less attention. This study uses time series data to analyse the demand for metered parking spaces in El Paso, Texas, USA. In addition to meter rates, the determinants of demand include personal income, gasoline prices and the price of a substitute good, parking garage spaces. Because international bridges connect downtown El Paso to neighbouring Ciudad Juárez, Chihuahua, Mexico, the impacts of trans-boundary traffic flows, bridge tolls and other cross-border economic variables are also included as potential determinants of metered parking demand. Results indicate that parking meter rates, other transportation-related costs, and economic conditions in both countries affect meter use.