5. Conclusions
This paper have shown that including a measure of vehicle emission in an aggregate traffic system, which helps clarify at least three phenomena of interest to mechanism and policy. First, we confirm the effectiveness of road transport fuel efficiency policies in China, which effect fuel efficiency significantly, while have little help to reduce vehicle emissions, as the repaid expansion of vehicle stock and traffic turnover, we suggest the policy maker focus on the traffic demand structure in the next, and intensify the market-oriented road traffic energy-saving policy, such as the adjustment of fuel cost per-mile, as we found in the empirical estimation, fuel cost per-mile decrease the traffic demand and vehicle stock, which means the fuel cost per-mile is one of the important consideration in the decision of travel or not, and the decision of purchasing energy-saving car or not. Second, we estimate the influence mechanism of road traffic system in China, from road capacity to the vehicle emission, through the traffic demand, fuel consumption, and also the other influence factors, such as fuel price, income, urbanization. Third, we discuss the induced effect and rebound effect more further than the previous studies, which contains three types, and estimated in three different time period.