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Estimating multimodal public transport mode shares in Athens, Greece
Highlights We analyze the market share of each public transport mode in total PT ridership. Cointegration and error correction techniques are applied. Short and long run effects of various factors are computed. Fare, GDP and total PT ridership are the main determinants of PT mode shares. Adjustment towards long run equilibrium takes approximately two months.
Abstract We analyze market shares for each public transport mode in total public transport ridership for the multimodal public transportation system of Athens, Greece. This analysis provides useful information for making investment decisions concerning the public transport infrastructure and for allocating subsidies. Due to the non-stationary properties of the data, cointegration techniques are applied to investigate the long run equilibrium relationships. Error Correction Models are implemented to estimate short run dynamics as well as the speed of adjustment from the short to the long run. Results suggest that fare and GDP are the main determinants of the public transport mode shares both in the short and in the long run. Findings also indicate the role of total ridership fluctuations in explaining variations in public transport mode shares.
Estimating multimodal public transport mode shares in Athens, Greece
Highlights We analyze the market share of each public transport mode in total PT ridership. Cointegration and error correction techniques are applied. Short and long run effects of various factors are computed. Fare, GDP and total PT ridership are the main determinants of PT mode shares. Adjustment towards long run equilibrium takes approximately two months.
Abstract We analyze market shares for each public transport mode in total public transport ridership for the multimodal public transportation system of Athens, Greece. This analysis provides useful information for making investment decisions concerning the public transport infrastructure and for allocating subsidies. Due to the non-stationary properties of the data, cointegration techniques are applied to investigate the long run equilibrium relationships. Error Correction Models are implemented to estimate short run dynamics as well as the speed of adjustment from the short to the long run. Results suggest that fare and GDP are the main determinants of the public transport mode shares both in the short and in the long run. Findings also indicate the role of total ridership fluctuations in explaining variations in public transport mode shares.
Estimating multimodal public transport mode shares in Athens, Greece
Milioti, Christina P. (author) / Karlaftis, Matthew G. (author)
Journal of Transport Geography ; 34 ; 88-95
2013-01-01
8 pages
Article (Journal)
Electronic Resource
English
Estimating multimodal public transport mode shares in Athens, Greece
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