Passenger Rail Demand in 14 Western European Countries: A Comparative Time Series Study

Felix R FitzRoy and Ian Smith

CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: This paper provides the first time series estimates of national rail demand equations for 14 European countries over the period between 1968 and 1991. In addition to conventional price and income variables, the data set includes quality variables that proxy the generalized time costs of rail transport found to be important in micro studies. No long run equilibrium relationships can be detected between rail demand and its determinants, but first difference estimates of demand growth provide reasonable short run elasticities for price and quality variables for most countries.

Keywords: Rail Demand; European Railways (search for similar items in EconPapers)
JEL-codes: R41 (search for similar items in EconPapers)
Date: 1997-10
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Persistent link: https://EconPapers.repec.org/RePEc:san:crieff:9724

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