Forecasts of Passenger and Freight Transportation Expenditures in Texas [August, 1979]
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1979-08-01
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Abstract:This report presents forecasts of Texas' transportation "bill" for the years 1976-2000. These forecasts represent expenditures for transportation by the private sector in Texas. They were derived using econometric models that utilized estimates of previous transportation bills and data on Gross Texas Product, real gasoline prices, Texas Interstate Highway miles, U.S. unemployment rates, and Texas population. The future economic environment suggested by forecasts of increasing GTP decreasing real gasoline prices, increasing Texas interstate miles, and decreasing unemployment influences the forecasted transportation expenditures in the state. These variables, together with forecasted increases in Texas population, imply that transportation expenditures in general will increase in the future.
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Main Document Checksum:urn:sha-512:7e298e5494a889e4bc95f713781917ae2912a138debd36a9f5e01aefbc6dc83d85b92e7e70d2bba104ec2ca0283eb5f06bfdbc6783268f99a4bf1d0a4f07047b
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