A dynamic panel analysis of urban metro demand
Daniel Graham (),
Amado Crotte and
Richard J. Anderson
Transportation Research Part E: Logistics and Transportation Review, 2009, vol. 45, issue 5, 787-794
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.
Keywords: Urban; metro; Demand; Dynamic; panel; GMM (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:45:y:2009:i:5:p:787-794
Ordering information: This journal article can be ordered from
http://www.elsevier. ... 600244/bibliographic
Access Statistics for this article
Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley
More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().