Identifying Short-Run and Long-Run Public Transport Demand Elasticities in Sydney A Pseudo Panel Approach

This paper applies a pseudo panel approach to analyse public transport demand and estimate short-run and long-run demand elasticities in Sydney. A dynamic Partial Adjustment Model is employed to capture the lagged adjustments of public transport users' travel behaviour, which differentiate long-run demand from short-run demand. The public transport demand model incorporates different drivers of demand determinants, including public transport price, the socioeconomics of travellers, land use characteristics, and the level of public transport service. The impacts on public transport demand are presented in terms of short-run and long-run demand elasticities.