Fuel price, income and road safety as determinants of the level of the population’s economic well-being in Poland

Oleksandr Melnychenko; Tetiana Osadcha; Tetyana Kalna-Dubinyuk

doi:10.1063/5.0188477

Fuel price, income and road safety as determinants of the level of the population’s economic well-being in Poland

Abstract

The opportunity to travel is one of the most favorite human activities, given that on a trip a person gets new knowledge, impressions and positive emotions. Recreational trips occupy a prominent place in the concept of the economics of happiness, and the study of factors that influence decision-making regarding travel is important for forecasting the number of tourists, infrastructure development, income and expenses of businesses and authorities. Using the panel data representative of Poland, the authors concluded that the price of fuel and the level of actual income are not key factors for travelers. At the same time, the proposed model gives an error of forecasting the number of tourists less than 1% on average for the entire period of research of monthly data from January 2014 to May 2022 on the cost of fuel at gas stations, the level of population’s income, the level of inflation and the level of drivers’ decency on the road. The obtained data can be used to calculate estimates of the flow of tourists, the level of welfare and happiness of the society.

Citations

0

CrossRef
0

Web of Science
0

Scopus

Authors (3)

Cite as

Full text

full text is not available in portal

full content of the article see on external site open in new tab

Keywords

FUEL PRICE INCOME ECONOMIC WELL-BEING

Details

Category:

Articles

Type:

artykuły w czasopismach

Published in:

AIP Conference Proceedings no. 3033,
ISSN: 0094-243X

Language:

English

Publication year:

2024

Bibliographic description:

Melnychenko O., Osadcha T., Kalna-Dubinyuk T.: Fuel price, income and road safety as determinants of the level of the population’s economic well-being in Poland// AIP Conference Proceedings -Vol. 3033,iss. 1 (2024), s.020010-

DOI: