A dynamic panel analysis of urban metro demand

被引：35

作者：

Graham, Daniel J. ^{[1
]}

Crotte, Amado ^{[1
]}

Anderson, Richard J. ^{[1
]}

机构：

[1] Univ London Imperial Coll Sci Technol & Med, Railway & Transport Strategy Ctr, Ctr Transport Studies, Dept Civil & Environm Engn, London SW7 2AZ, England

来源：

TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW | 2009年 / 45卷 / 05期

关键词：

Urban metro; Demand; Dynamic panel; GMM; RESTRICTIONS; ELASTICITIES; TRANSPORT; SERVICE;

D O I：

10.1016/j.tre.2009.01.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A dynamic panel model is used to estimate the effect that fares. income and quality of service have on demand for a sample of 22 urban metros. The estimated price elasticity is -0.05 in the short run and -0.33 in the long run. The estimated long run income elasticity is small but positive (0.18), indicating that metros are perceived as normal goods. The quality of service elasticities are positive and substantially higher than the absolute Value of fare elasticities. The implication is that quality of service improvements, rather than fare reductions, may be more effective in increasing metro patronage. (C) 2009 Elsevier Ltd. All rights reserved.

引用

页码：787 / 794

页数：8

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