Determinants of passenger rail demand in perth, australia: A time series analysis1
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Albert Wijeweera [1] ; Michael B. Charles [1]
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[1] Southern Cross University
Southern Cross University
Australia
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- Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 13, Nº. 2, 2013, págs. 221-234
- Idioma: inglés
- Enlaces
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Resumen
Annual data from 1983-2008, together with modern time series econometrics methods, is used to examine the factors potentially contributing to growth in passenger rail demand in Perth, Australia. A cointegration approach is used to estimate long-run passenger rail elasticities and an error correction model to estimate short-run elasticities. The study finds that a 10-percent cut in the fare increases boardings by about 8 percent in the long run and 7.6 percent in the short run, while population exerts a significantly positive impact on demand. Rail kilometres operated and commuter perceptions are the other two most significant variables
