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National Multi-Modal Travel Forecasts: Aggregate Elasticities from Published Great Britain Transport Statistics.

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.

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Abstract

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
Published Version: http://www.its.leeds.ac.uk/
Status: Published
Publisher: Institute of Transport Studies, University of Leeds
Identification Number: Working Paper 510
URI: http://eprints.whiterose.ac.uk/id/eprint/2097

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