Abstract
This paper examines the impact of the economic policy uncertainty (EPU) on the vehicle miles traveled (VMT) in the United States (U.S.) over the period of January 1978 to October 2014. We estimate an empirical model based on a travel demand-analysis. It is found that an increase in economic policy uncertainty leads to a decrease in vehicle miles traveled. This negative relationship is also observed when different model types, various control variables, and the subindexes of the EPU are considered in the model.
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