DETERMINANTS OF PASSENGER RAIL DEMAND IN PERTH, AUSTRALIA: A TIME SERIES ANALYSIS

Albert Wijeweera and Michael B. Charles

Applied Econometrics and International Development, 2013, vol. 13, issue 2, 217-230

Abstract: 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.

Keywords: Rail Demand Elasticity; Australia; Cointegration Method. (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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