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

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Author Info

  • Felix R FitzRoy
  • Ian Smith

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.

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Bibliographic Info

Paper provided by Centre for Research into Industry, Enterprise, Finance and the Firm in its series CRIEFF Discussion Papers with number 9724.

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Date of creation: Oct 1997
Date of revision:
Handle: RePEc:san:crieff:9724

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Postal: School of Economics and Finance, University of St. Andrews, Fife KY16 9AL
Phone: 01334 462420
Fax: 01334 462438
Web page: http://crieff.wordpress.com/
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Related research

Keywords: Rail Demand; European Railways;

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Cited by:
  1. Antonio Couto & Daniel Graham, 2008. "The impact of high-speed technology on railway demand," Transportation, Springer, vol. 35(1), pages 111-128, January.

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