Transit finance, growth, and equity: a dynamic panel analysis on the effect of transit revenues on low-skilled employment

Seunghoon Oh () and David Brasington
Additional contact information
Seunghoon Oh: University of Cincinnati

The Annals of Regional Science, 2024, vol. 72, issue 2, No 2, 313-333

Abstract: Abstract We examine the relationship between public transit finance, economic growth, and equity. This is the first study to analyze the long-term effect of transit operation revenues on employment growth for all workers and low-skilled workers. We use state-of-the-art dynamic panel data techniques to analyze municipalities covered by 26 transit agencies in the US state of Ohio. We find that both government subsidies and fare revenue, indicators of transit system improvement, have a positive impact on overall jobs. An increase in government subsidies by $10 per capita results in a 1.1% increase in overall jobs in the same year. The local jobs also grow by 4.6% when fare revenue is increased by $10 per capita. In addition, fare revenue has a positive impact on the number of low-skilled jobs both in current and future years. A one dollar increase in fare revenue per capita grows the number of low-skilled jobs by 1.3% in the same year and 0.4% in the next year.

JEL-codes: C23 J10 J24 R12 R42 (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s00168-022-01201-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:anresc:v:72:y:2024:i:2:d:10.1007_s00168-022-01201-2

Ordering information: This journal article can be ordered from
http://link.springer.com/journal/168

DOI: 10.1007/s00168-022-01201-2

Access Statistics for this article

The Annals of Regional Science is currently edited by Martin Andersson, E. Kim and Janet E. Kohlhase

More articles in The Annals of Regional Science from Springer, Western Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().