Abstract In the 21st century, China is experiencing rapid economic growth alongside increasing car ownership and its attendant challenges. However, little is known about the determinants of expenditure on car acquisition and household car ownership in China, especially their dynamics as this motorization process has taken place. In this paper, we present household car ownership and expenditure analyses using a unique panel dataset, the China Household Finance Survey (CHFS). We identify three clusters of households with distinct income and expenditure characteristics consistently existing from 2011 to 2017. We also demonstrate distinctive temporal patterns in expenditure in the periods prior to, at-time-of, and following car acquisition for car-purchasing households. We report that most, but not all, determinants we studied have been stable over time. Finally, contrary to contemporary findings in Western countries, being a younger-aged household is positively associated with car ownership, while living in rural areas has a negative association.
Panel data analysis of Chinese households’ car ownership and expenditure patterns
2023-09-11
Article (Journal)
Electronic Resource
English
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