Author(s)

Jifan Li

Corresponding Author

Jifan Li

ABSTRACT

Based on the license plates registration data, this paper investigates the impact of vehicle purchase and automobile driving restriction on the proportion of self-owned brand automobiles in newly-sold cars in major cities of China during this period. After solving the endogenous problem through regression discontinuity design regression, this paper finds that the automobile purchase restriction policy had a significant negative impact on the consumption of self-brand automobiles, while the automobiles driving restriction policy had no significant impact on the proportion of self-brand automobiles or the total number of newly sold cars. However, compared with other factors at city and time level, the purchase restriction policy was not the main reason for the decline of the proportion of self-brand automobiles. In addition, this paper also confirms that the regional characteristics of Chinese automobile consumption were very obvious.

KEYWORDS

Purchase restriction policy, driving restriction, self-brand automobiles, regression discontinuity design