Clark, S. (1997) National Multi-Modal Travel Forecasts: Aggregate Elasticities from Published Great Britain Transport Statistics. Working Paper. Institute of Transport Studies, University of Leeds , Leeds, UK.
Available under licence : See the attached licence file.
This study attempts to form a relationship between the observed volume (or demand) of each mode and various other explanatory measures such as fare, supply and socio-economic measures. The strength of these relationships will be expressed as elasticities which capture the percentage effect of the change in the explanatory measures on the observed volume, based on previous experience. Reasonable models were obtained for bus and private car travel. The rail model had unusually high elasticities with respect to train kilometres. This was thought to be indicative of simultaneity. Attempts to remedy this situation by the applcation of two stage least squares were unsuccessul
|Item Type:||Monograph (Working Paper)|
|Copyright, Publisher and Additional Information:||Copyright of the Institute of Transport Studies, University Of Leeds|
|Institution:||The University of Leeds|
|Academic Units:||The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds)|
|Depositing User:||Adrian May|
|Date Deposited:||13 Apr 2007|
|Last Modified:||07 Jun 2014 19:09|
|Publisher:||Institute of Transport Studies, University of Leeds|
|Identification Number:||Working Paper 510|